Question: If a firm generates $ 2 4 0 , 0 0 0 in revenue, earns $ 1 2 0 , 0 0 0 in economic

If a firm generates $240,000 in revenue, earns $120,000 in economic profit, and its explicit costs are $80,000. how much are its implicit costs?
$120,000
$80,000
$60,000
$40,000
If a firm generates $ 2 4 0 , 0 0 0 in revenue,

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