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Which of the following statements is true? a. Accounting profit is always positive. b. Economic profit is always positive. c. Economic profit is greater
Which of the following statements is true? a. Accounting profit is always positive. b. Economic profit is always positive. c. Economic profit is greater than or equal to accounting profit. d. Accounting profit is greater than or equal to economic profit.
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The correct answer is d Accounting profit is greater than or equal to economic profi...Get Instant Access to Expert-Tailored Solutions
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