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    Principles of Economics Study Set 3
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    Exam 13: The Costs of Production
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    Total Revenue Minus Both Explicit and Implicit Costs Is Called
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Total Revenue Minus Both Explicit and Implicit Costs Is Called

Question 139

Question 139

Multiple Choice

Total revenue minus both explicit and implicit costs is called


A) accounting profit.
B) economic profit.
C) average total cost.
D) None of the above is correct.

Correct Answer:

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