Question

The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called?

1) Profit
2) Revenue
3) Cost
4) Margin

Answer 1

The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called Margin.

Step-by-step explanation:

The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called Margin.