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The natural level of profit in a free market.
The natural state of affairs when market entry is free is for net utility gain from profit-orientated investment to tend to zero. This is not the same thing as average monetary gains because the marginal utility of money declines as the amount of money an individual or group has increases. Therefore...
Posted to
Austrian Economics
by
Livemike
on Sun, Feb 22 2009
Filed under: economics, please check this., profit, rewards to factors
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