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Suppose Marcus is operating a bookstore, and he made zero economic profit last year. a. What was Marcus's accounting profit likely to be? b. If

Suppose Marcus is operating a bookstore, and he

made zero economic profit last year.

a.

What was Marcus's accounting profit likely to

be?

b.

If the implicit costs had increased, what would

be the

effect on Marcus's economic and

accounting

profits?

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