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Please answer all. 82. What is the difference between the accountant's concept of profit and the economist's...

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Economics

Please answer all.

82. What is the difference between the accountant's concept ofprofit and the economist's view of profit?

83.   Describe the types of entry barriers which canexist and their importance to the study of monopoly.

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1 The main distinction between accounting profit and economic profit is that accounting profit refers to profits reported in the financial books which are measured by deducting all the actual costs incurred relating to cash costs from the sales and other sales produced by the business operations while economic profit refers to the benefit measured in the sense of cooperation Accounting benefit refers to the gross revenue minus overt    See Answer
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