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Social Studies

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Accounting profits are typically

A. greater than economic profits because the former do not take explicit 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 implicit costs into account.

ANSWER: D. greater than economic profits because the former do not take implicit costs into account.

Answer :

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