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The difference between accounting profit and economic profit is: a. caused by confusion over tax laws. O b. opportunity cost, which is value of resources

The difference between accounting profit and economic profit is: a. caused by confusion over tax laws. O b. opportunity cost, which is value of resources used in their next best alternative use. O c. the result of superior training received by accountants. O d. proportionately very small for owner-managed firms. e. measured as the cost of labor

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