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Consider the following Revenue = 1000, implicit cost = 200, explicit cost = 800. Bases on this information, Which of the statements is true?
Consider the following Revenue = 1000, implicit cost = 200, explicit cost = 800. Bases on this information, Which of the statements is true?
A. A normal profit is achieved
B. An economic profit is achieved
C. An accounting profit is achieved
D. A and C are true
E A and B are True