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Question
If a firm generates $240,000 in revenue, earns $120,000 in economic profit, and its explicit costs are $80,000, how much are its implicit costs?
a. $160,000 x
b. $80,000
c. $40,000
d. $60,000
e. $120,000
Answer
This answer is hidden. It contains 70 characters.
Related questions
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