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Advanced Placement (AP)
Veronica Long
17 July, 12:03
Implicit cost refers to
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Dawson Cooley
17 July, 15:25
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Input costs that do not require an outlay of money by the firm
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Harper Medina
17 July, 15:50
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Implicit cost is a term in economics that refers to the costs of an enterprise that do not require direct expenditure but, instead, result from a loss in potential revenue.
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