If there are implicit costs of production Options: A . &nbspEconomic profit will be equal to accounting profit B . &nbspEconomic profit will be less than accounting profit C . &nbspEconomic profits will be zero D . &nbspEconomic profit will be more than accounting profit.

If there are implicit costs of production

Question

If there are implicit costs of production

Options:

A . Economic profit will be equal to accounting profit

B . Economic profit will be less than accounting profit

C . Economic profits will be zero

D . Economic profit will be more than accounting profit.

Answer: Option B

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