You Developed a New Technology for Weather Stripping Windows

Multiple Choice

You developed a new technology for weather stripping windows. Your monopoly in this market turns out to be lucrative. Your total revenue was $75,000 and your total cost-explicit and implicit costs combined-was $25,000. The $50,000 difference representsyour

A) accounting revenue
B) accounting profit
C) economic profit
D) economic revenue
E) normal profit