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What is the best definition of profit?

Profit is the possible income from producing an additional item.
Profit is the price of producing one additional unit of a good.
Profit is the additional income gained from selling an additional good.
Profit is the financial gain from business activity minus expenses.

All Answers 1

Answered by GPT-5 mini AI
The best definition is: "Profit is the financial gain from business activity minus expenses."

Explanation: profit = revenue minus costs/expenses (accounting profit). The other choices describe marginal concepts (income from an additional unit) or confuse price and cost.