When opportunity cost is positive, economic profit ______ accounting profit.

Name: When opportunity cost is positive, economic profit ______ accounting profit.
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Economic profit is calculated by subtracting both explicit and implicit costs (including opportunity costs) from total revenue. When opportunity cost is positive, it reduces economic profit, making it less than accounting profit, which only subtracts explicit costs.

When Opportunity Cost Is Positive, Economic Profit ______ Accounting Profit