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Suppose a dentist has total revenue of $320,000 and his total explicit costs are $ 250,000 for the year. Suppose the dentist left a job

Suppose a dentist has total revenue of $320,000 and his total explicit costs are $ 250,000 for the year. Suppose the dentist left a job paying $112,000 a year to start his own practice. What is the dentist's economic profit?

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