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A firm is earning negative economic profit of $5,000. If its total revenue is $7,000 and its implicit costs are $3,000, what must its explicit

A firm is earning negative economic profit of $5,000. If its total revenue is $7,000 and its implicit costs are $3,000, what must its explicit costs be?

$8,000

$9,000

$10,000

$12,000

Indeterminate

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