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Distinguish between economic profit and accounting profit

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Reference no: EM131165139

1. Respond to the following question in at least three well composed paragraphs: In your own words, and using research sources other than the textbook, distinguish between economic profit and accounting profit.

2. Respond to the following question in at least three well composed paragraphs: What are the necessary conditions for a monopoly position in the market to be established?

Reference no: EM131165139

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