Learn why perfect competition leads to no long-term economic profits and how it serves as a key benchmark for analyzing ...
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Profitability vs. Profit: Key Differences Explained
Profit and profitability are often confused, but they measure different things. Profit is an absolute number, the money a company earns after expenses, while profitability is a relative measure of ...
ExxonMobil reported $9.1 billion GAAP earnings with an 11.9% net margin, while Google reported $19.7 billion with a 22.5% net margin. ExxonMobil's income tax was $20.2 billion in 2022, higher than ...
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