Normal Profit Normal profit is an economic condition occurring when the difference between a firm's total revenue and total cost is equal to zero. Simply put, normal profit is the minimum level of profit needed for a company to remain competitive in the market. Breaking It Down: A business will be in a state of normal profit when its economic profit is equal to zero...
Related to "Normal Profit" | Normal Profit - Video Normal profit is an economic term that means zero economic profit. To an economist, this is normal because... | |
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