Accounting profits are typicallyA greater than economic profits because accounting profits do - FinalQuiz FinalQuizAccounting profits are typicallyA greater than economic profits because accounting profits do - FinalQuiz

Question

Accounting profits are typically

A) greater than economic profits because accounting profits do not include explicit costs.

B) greater than economic profits because accounting profits do not include implicit costs.

C) smaller than economic profits because accounting profits do not include explicit costs.

D) equal to economic profits in the long run.

Answer

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