What Is Normal Profit in Economics?

Answer

Normal profit in economics is when economic profit is equivalent to zero. The normal profit is considered the minimum level that a company must maintain in order to remain competitive. the difference between total cost and total revenue also defines normal profit.
Q&A Related to "What Is Normal Profit in Economics?"
Normal profit is the opportunity cost of using entrepreneurial abilities in the
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Stagnation or zero growth as long as they aren't losing money.
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This might be useful as a source of ideas: Economics and Accounting.
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An economic profit is when your profits are greater than the sum of implicit and explicit costs. Thus you have a positive profit. A normal profit is an economic profit of zero. Thus
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