The following is true about the disctiction between Economic Profits and Accounting Profits, EXCEPT: Question 3 options: Accounting Profits only take into consideration the market price for inputs or factors of production. Economic Profits include market price plus opportunity cost of inputs or factors not reported at market price. Net Economic Profits include the compensation for managerial skills of the producer as part of the cost of production. In the general equilibrium, the Net Economic Profits for producers are expected to be positive