Imagine youre in a meeting with the owner of a restaurant, who is trying to decide whether

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Imagine you’re in a meeting with the owner of a restaurant, who is trying to decide whether to keep his restaurant open or to invest his time and money in another way. Explain to him the difference between accounting and economic profit, and why it should matter for his decision.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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