Difference between accounting and economic profit

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Reference no: EM132524347

1- Explain the difference between accounting and economic profit. What does zero economic profit mean?

2- What is a market failure? Define the two important instances in which market failure can occur.

3- What is the social value of a good include in the presence of positive externality?

4- What is the difference between Index Funds vs. Managed Funds?

Reference no: EM132524347

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