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Business, 10.12.2020 22:10 iretae

In 2018, Arctic Enterprises produced and sold 500 sleds in a competitive market at a price of $100 each. The cost of materials and labor was $7,000. The opportunity cost of capital was $10,000 and the opportunity cost
of the entrepreneur's time was $40,000.

What is Arctic Enterprises' economic profit?

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