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1 point is the return to entrepreneurship. The normal profit is part of a firm's opportunity cost because it is the cost of persuading the

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1 point is the return to entrepreneurship. The normal profit is part of a firm's opportunity cost because it is the cost of persuading the entrepreneur of not running another business. * Decreasing marginal returns long run short run Economic profit marginal product average product Normal profit marginal productivity (per worker) Law of Diminishing Returns O Increasing marginal returns

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