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Business, 02.11.2020 17:00 aleilyg2005

Victor is the recipient of $1 million from a lawsuit. Victor decides to use the money to purchase a small business in Florida. His business operates in a perfectly competitive industry. If Victor would have invested the $1 million in a risk-free bond fund, he could have earned $100,000 each year. After he bought the small business, Victor quit his job as a market analyst with Research, Inc., where he used to earn $75,000 per year.

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Victor is the recipient of $1 million from a lawsuit. Victor decides to use the money to purchase a...

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