Examlex
Which of the following is not a reason for simulation's popularity?
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.
Economic Profit
The difference between total revenue and total cost, including both explicit and implicit costs.
Accounting Profit
The difference between a company's total revenue and its explicit costs.
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