Concepts of accounting profit and economic profit differ

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How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit? Classify each of the following according to those sources:

a. Sprint – Dish’s potential purchase

b. Chick-fil-A on a University’s campus.

c. The profit received by a theater benefiting from the movie, “Hunger Games”.

Reference no: EM131161331

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