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QUESTION

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

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