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Business, 02.03.2020 20:39 bcox32314

A firm that has positive accounting profit does not necessarily have positive economic profit. This statement is A. true because economic costs will be greater than accounting costs if implicit costs exist. B. false because accounting costs will be greater than economic costs if implicit costs exist. C. false because economic costs will be greater than accounting costs if depreciation exists. D. true because economic costs will be greater than accounting costs if sunk costs exist. E. false because economic costs will be greater than accounting costs if explicit costs exist.

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