"DEFINITION OF 'NORMAL PROFIT' When economic profit is equal to...

  1. JonnoH
    16,319 Posts.
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    22/10/14
    20:38
    Post #: 14165886
    "DEFINITION OF 'NORMAL PROFIT'

    When economic profit is equal to zero; this occurs when the difference between total revenue and total cost (explicit and implicit costs) equals zero. Normal profit is different than accounting profit because opportunity cost is taken into consideration. "

    http://www.investopedia.com/terms/n/normal_profit.asp


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