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Business, 01.08.2019 05:30 meowandcake

As part of an estate settlement mary received $1 million. she decided to use the money to purchase a small business in anywhere, usa. her business operates in a perfectly competitive industry. if mary would have invested the $1 million in a risk-free bond fund she could have earned $100,000 each year. she also quit her job with lucky. com inc. to devote all of her time to her new business. her salary at lucky. com inc. was $75,000 per year. how large would mary's accounting profits need to be to allow her to attain zero economic profit

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