Assume that a business generates $2 million in revenue (income) in a single year. the company's total costs and expenses, however, total $1.85 million. in this scenario, what percentage of the company's revenue is considered profit?

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada