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Firms can have:

1. Accounting profits and economic losses

2. Accounting profits and economic profits

3. Accounting losses and economic losses

4. Accounting losses and economic profits

a. i, ii, and iii

b. only i and iv

c. only ii and iii

d. All of the above

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91368704

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