Solved: Economic profit in the nightclub business, Macroeconomics

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Economic profit in the nightclub business

Question:

The MidNight Hour, a local night club, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit ( and the rate of return) in the nightclub business?

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Macroeconomics: Economic profit in the nightclub business

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Macroeconomics: Economic profit in the nightclub business

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