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A firm's economic profit is always Group of answer choices equal to accounting profit because both subtract all costs from revenues to obtain profit. greater
A firm's economic profit is always Group of answer choices equal to accounting profit because both subtract all costs from revenues to obtain profit. greater than its accounting profit because accounting profit considers implicit costs, which economic profit does not. less than its accounting profit because accounting profit considers explicit costs, which economic profit does not. greater than its accounting profit because economic profit considers implicit costs, which accounting profit does not. less than its accounting profit because economic profit considers implicit costs, which accounting profit does not
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