General Knowledge · General Studies
Economic profit and accounting profit are generally considered to be different except under which circumstance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When marginal revenue equals marginal cost.
- 2When total revenue equals total cost.
- 3When explicit costs are zero.
- 4When implicit costs are zero.✓
Correct answer
When implicit costs are zero.
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