If a firm is earning an economic profit,it is necessarily earning an accounting profit,too.

Name: If a firm is earning an economic profit,it is necessarily earning an accounting profit,too.
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Quizplus · Accepted Answer

An economic profit takes into account both explicit and implicit costs, while accounting profit only considers explicit costs. Therefore, if a firm is earning an economic profit, it must necessarily be earning an accounting profit as well.

If a Firm Is Earning an Economic Profit,it Is Necessarily