Question: Provide a very simple answers ( 1 line max ) for the following question using basic English language Which one is bigger than the other

Provide a very simple answers ( 1 line max ) for the following question using basic English language

  1. Which one is bigger than the other economic profit or accounting profit and why?
  2. In which case economic profit is greater than accounting profit and why?
  3. In which case economic profit is smaller than accounting profit and why?

Note: All answers should be short as possible ( to the points ), don't write long answer

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