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what is average profit ????
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Average profit is the total profit divided by output.It is an approach used to identify the profit margin that is achieved on each unit of a product that is produced or sold. It can be a normal profit if economic profit (including opportunity cost) is equal to zero.
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What is average profit?
Average profit is the total profit divided by output.It is an approach used to identify the profit margin that is achieved on each unit of a product that is produced or sold.
It can be a normal profit if economic profit (including opportunity cost) is equal to zero.
Khadijah21
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