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8. Which of the following is incorrect ? A. Accounting profits generally overstate economic profits. B. Accounting profits do not take opportunity cost into account.

8. Which of the following is incorrect

?

A. Accounting profits generally overstate economic profits.

B. Accounting profits do not take opportunity cost into account.

C. Economic costs include not only the accounting costs but also the opportunity costs of the

resources used in production.

D. Managers should only be interested in accounting profits

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