What is the difference between a firms accounting and, Econometrics

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What is the difference between a firms accounting and

1. What is the difference between a firm's accounting and economic costs? How do these costs relate to a firm's accounting and economic profits?

2. Define opportunity cost. How does a firm's opportunity cost relate to its economic cost?

3. What is the sunk cost fallacy?

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Econometrics: What is the difference between a firms accounting and

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Econometrics: What is the difference between a firms accounting and

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