What is the term for the price at which the firm makes only normal profits?

Question

Quizplus · Accepted Answer

The term for the price at which the firm makes only normal profits is the break-even price. This is the price at which the total revenue equals total cost, including both fixed and variable costs, resulting in zero economic profit. At this price, the firm is able to cover all of its costs but is not making any additional profit above what is necessary to stay in business.

What Is the Term for the Price at Which the Firm