A normal profit is defined as
A) total revenue minus explicit costs.
B) the same thing as accounting profit.
C) the return to entrepreneurship.
D) total revenue minus implicit costs.
E) the economic profit minus the implicit costs.

Question

Quizplus · Accepted Answer

A normal profit is considered the return to entrepreneurship, factoring in the opportunity costs of a business owner's resources. It's the minimum profit necessary for a company to remain competitive in the market.

A Normal Profit Is Defined as