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Tidy Tidy
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8 years ago
Which of the following would explain why economic profit might be less than accounting profit?
A) A firm's net income is less than its accounting profit.
B) A firm has only explicit costs.
C) A firm's net income is greater than its accounting profit.
D) A firm has implicit costs as well as explicit costs.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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Chimelo46Chimelo46
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8 years ago
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8 years ago
Glad to help you, and good luck with your course.
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