A firm with explicit costs of $3,000,000,no implicit costs,and total revenue of $3,000,000 would have

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Since the firm has explicit costs equal to its total revenue and no implicit costs, both its accounting profit and economic profit are zero. Accounting profit is calculated as total revenue minus explicit costs, and economic profit further subtracts implicit costs. With no implicit costs, both profits are the same and equal to zero.

A Firm with Explicit Costs of $3,000,000,no Implicit Costs,and Total