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Interference of light waves
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.
Capital
Capital refers to financial assets or physical goods that are used by a company to produce goods, offer services, or create additional wealth, including tools, machinery, and buildings.
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