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Question 1 3 A firm's accounting profit is always greater than its economic profit because a . accounting profit considers explicit costs, which economic profit
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A firm's accounting profit is always greater than its economic profit because
a accounting profit considers explicit costs, which economic profit does not.
b economic profit is always aera, no matter what kind of firm it is
c accounting profft is always pesitve, ne matter what kind of firm it is
d accounting profft considers irpilitit costs, which economic profit does not.
e economic profit considers impilitit costs, which accounting profit does not.
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