The accountant's definition of profits, or the definition used for tax purposes, is not wholly satisfactory from the economist's point of view because

Group of answer choices

accountants are paid by business firms and consequently tend to exaggerate the size of profits.

accountants deal with empirical data while economists are interested in theoretical explanations.

accountants tend to minimize profits in order to avoid the payment of unnecessary taxes.

accounting costs do not include the value of all forgone opportunities.