Accounting rules determine a firm's profits for tax and dividend-paying purposes. So why should any firm be

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Accounting rules determine a firm's "profits" for tax and dividend-paying purposes. So why should any firm be concerned about its economic profits? Specifically, why should a firm be concerned about the opportunity costs of the people who invest in it when those costs never enter into its accounting statements?
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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