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If accounting profits are positive and economic profits are negative in the long run, the proper strategy is to 1) monitor the situation closely amd
If accounting profits are positive and economic profits are negative in the long run, the proper strategy is to
1) monitor the situation closely amd leave the business the minute accounting profit start to decline
2)feel satisfied because in the long run accounting profits will average zero
3)go back and recalculate figures, because accounting profits can never be more than economic profits
4)close down the business and shift the resource to more profitable ventures
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