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Charlie Monfort is the owner of the Colorado Rockies. His accountant told him that he is making profits but his economist told him that he

Charlie Monfort is the owner of the Colorado Rockies. His accountant told him that he is making profits but his economist told him that he is making losses. What must be true if the are both correct? He is losing money. He could make more doing something else. He is earning below a normal rate of return. His explicit costs are more than his implicit costs

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