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Which of the following four statements is correct? Mark the correct answer. The accounting cost is usually lower than the economic cost of a busines,

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Which of the following four statements is correct? Mark the correct answer. The accounting cost is usually lower than the economic cost of a busines, because the former considers only explicit costs while the latter includes both implicit and explicit costs. The accounting cost is usually higher than the economic cost of a busines. Accounting costs and economic costs are alway identical. Opportunity costs are irrelevant. Only accounting costs matter

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