2 ms·
Can you clarify? Seems like if a company is making accounting profit, that would ipso facto, in a free market, represent an opportunity for another company to
by rhelz 3y ago
Can you clarify? Seems like if a company is making accounting profit, that would ipso facto, in a free market, represent an opportunity for another company to come in, under bid them, and take some of that profit for themselves....and so on until there's none left to take.
- josephcsible 3y agoThere are implicit costs that aren't included when calculating accounting profit. See also https://en.wikipedia.org/wiki/Profit_(economics) https://en.wikipedia.org/wiki/Profit_(economics) and https://en.wikipedia.org/wiki/Implicit_cost https://en.wikipedia.org/wiki/Implicit_cost