Which of the following statements is most likely true regarding economic and accounting profits?
A) Economic profits are generally less than accounting profits.
B) Economic profits plus accounting profits generally equal zero.
C) Economic profits minus accounting profits generally equal zero.
D) Economic profits are generally greater than explicit costs.
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Home » Business » Which of the following statements is most likely true regarding economic and accounting profits? A) Economic profits are generally less than accounting profits. B) Economic profits plus accounting profits generally equal zero.