Sizzles, a restaurant chain, have been closing their stores across Australia. They have also been making accounting losses.

1. This suggests Sizzles would have been experiencing economic losses.
2. Sizzles stores would have been able to pay all the explicit costs from sales revenues.
3. From an economics perspective, closing a store would indicate the variable costs of operations were not able to be paid from sales revenues.

Sizzles, a restaurant chain, have been closing their stores across Australia. They have also been making accounting losses 1. This suggests Sizzles would have been experiencing economic losses. 2. Sizzles stores would have been able to pay all the explicit costs from sales revenues. 3. From an economics perspective, closing a store would indicate the variable costs of operations were not able to be paid from sales revenues. Which of the above statements are true? Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. Both 1 and 3 are true. All three are true