Economic losses are
A) very common.
B) less important than accounting losses.
C) encountered when total revenues minus explicit costs is negative.
D) a signal that a reallocation of resources out of the industry needs to occur.
E) present if firms just earn a normal profit.

Question

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The Answer of Economic losses are
A) very common.
B) less important than accounting losses.
C) encountered when total revenues minus explicit costs is negative.
D) a signal that a reallocation of resources out of the industry needs to occur.
E) present if firms just earn a normal profit.

Economic Losses Are