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Will runs a vegetable stall in the market building. Will has no skills, no job experience, and no alternative employment. Entrepreneurs in the vegetable stall

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Will runs a vegetable stall in the market building. Will has no skills, no job experience, and no alternative employment. Entrepreneurs in the vegetable stall business earn $14 000 a year. Will pays the rent of $500 a year, and his total revenue is $18,000 a year. He borrowed $1 200 at 20 percent a year to buy equipment At the end of one year, Will was offered $1,000 for his business and all its equipment. What are Will's explicit costs, implicit costs, and economic profit

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