As part of an estate settlement Katie received S1 million. She decided to use the money to purchase a small business. Her business operates in a perfectly competitive industry. If Katie would have invested the $1 million in a risk free bond fund, she could have earned $100,000 worth of interest each year.  She also quit her job to devote all her time to her new business. Her salary at her former job was $ 75,000 per year.  At the end of the first year of operating her new business, Katie's accountant  reported an accounting profs of S175,000. What was Katie's economic profit ? A.$ 50,000  B. $ 0 C. $25,000 D. $100,000

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