Suppose Bill and Ted operate separate convenience stores in the same perfectly competitive market. Their stores are identical in every way except…

Suppose Bill and Ted operate separate convenience stores in the same perfectly competitive market. Their stores are identical in every way except Bill has a much better location. In particular, assume that they have identical explicit cost. If the market is in long-run equilibrium, do Bill and Ted have the same implicit cost? Who is earning the higher accounting profit and how do you know?