The MidNight Hour, a local nightclub, 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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  1. 1)The Midnight hour, a localnightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $ 1
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  2. 1)The Midnight hour, a localnightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $ 1
    1. answers icon 0 answers
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