At your high school reunion a friend describes his plan to


Question: At your high school reunion, a friend describes his plan to take a break from his florist shop and sail around the world. He says that if he continues to make the same economic profit for the next five years, he will be able to afford the trip. Do you think your friend will be able to achieve his dream in five years? What do you expect to happen to his firm's profits in the long run?

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Finance Basics: At your high school reunion a friend describes his plan to
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