Social Studies, 06.10.2019 07:00, sfcsullivan9466

Accounting profits are typically a. greater than economic profits because the former do not take implicit costs into account. b. equal to economic profits because accounting costs include all opportunity costs. c. smaller than economic profits because the former do not take implicit costs into account. d. greater than economic profits because the former do not take explicit costs into account.

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Accounting profits are typically a. greater than economic profits because the former do not take imp...