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Home / Questions / Businesses without a competitive advantage are not likely to earn more than

Businesses without a competitive advantage are not likely to earn more than

Businesses without a competitive advantage are not likely to earn more than "normal" profits in the long run. Normal profits are


(A) Profits one would expect to earn on investments that have a similar level of risk.


(B) Profits received by corporations in the normal course of business.


(C) What one would receive on U.S. Treasury securities.


(D) Profits earned by a corporation on a diversified portfolio of stocks.

Mar 23 2018 View more View Less

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