Which Statement Best Explains the Relationship Between Accounting Profit and Economic

question 23

Multiple Choice

Which statement best explains the relationship between accounting profit and economic profit

• A)If economic profit is zero, then accounting profit must be zero.
• B)If accounting profit is zero, then economic profit must be zero.
• C)If economic profit is zero, then accounting profit can be positive.
• D)If accounting profit is zero, then economic profit can be positive.

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