Reference Entry

economic profit

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fifth edition

Published in print January 2017 | ISBN: 9780198759430
Published online January 2017 | e-ISBN: 9780191819940
economic profit

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The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used.

Reference Entry.  25 words. 

Subjects: Economics

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