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If the Owners of a Firm Earn Accounting Profit, It

Question 169

Multiple Choice

If the owners of a firm earn accounting profit, it follows that


A) they will earn economic profit, too.
B) their explicit costs are greater than their implicit costs.
C) their implicit costs are greater than their explicit costs.
D) they will not earn economic profit.
E) their explicit costs are greater than their total revenue.

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