For Most Firms, the Major Difference Between Accounting Profit and Economic

For most firms, the major difference between accounting profit and economic profit is that

A) explicit and implicit costs are included in the accounting profit while only explicit costs are included in economic profit.
B) accounting profit omits the salaries of managers, and therefore, it is generally greater than economic profit.
C) accounting profit is based on opportunity cost, whereas economic profit is based on market transactions.
D) accounting profit does not consider the opportunity cost of the firm's equity capital and, therefore, generally overstates economic profit.