Question

. In class we identified five theories as to why profit rates vary among firms in...

. In class we identified five theories as to why profit rates vary among firms in a given industry, and even more widely among firms in different industries. Provide one Canadian example for each theory.
1.) Risk-bearing theories of profit
2.) Frictional theory of profit
3.) Monopoly theory of profit
4.) Innovation theory of profit
5.) Managerial Efficiency Theory of Profit

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