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wrote...
Posts: 57
3 weeks ago
Assuming zero transactions costs, if your local grocer buys oranges at a low price from an orchard and resells them to you at a higher price, then the grocer's revenue minus costs is known as

• arbitrage profits.

• transactions profits.

• pure profits.

• excess profits.
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Microeconomics
Edition: 7th
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Posts: 52
3 weeks ago
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arbitrage profits.
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