Normal profit is defined as

Name: Normal profit is defined as
Brand: Quizplus
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Quizplus · Accepted Answer

Normal profit is the profit necessary to ensure that opportunity costs are covered. It is the minimum level of profit necessary to keep a business running and covers the implicit (opportunity) costs of using resources to produce goods or services. It is not the same as accounting profit or economic profit. Accounting profit only considers explicit costs, while economic profit considers both explicit and implicit costs.

Normal Profit Is Defined as