Question: A difference between explicit and implicit costs is that O a. implicit costs must be greater th plicit costs. O b. explicit costs do not

A difference between explicit and implicit costs is that O a. implicit costs must be greater th plicit costs. O b. explicit costs do not require a direct monetary outlay by the firm, whereas implicit costs do. O c. explicit costs must be greater than implicit costs. O d. implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do

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