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Due Day 3  Respond to the following in a minimum of 175 words:  Explain why economic costs include both explicit and implicit costs

Business May 27, 2021

Due Day 3 

Respond to the following in a minimum of 175 words: 

  • Explain why economic costs include both explicit and implicit costs. 
  • Provide examples of at least 2 explicit costs and 2 implicit costs. 

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