What is the difference between normal profit and economic profit?

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 12:55 AM

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What is the difference between normal profit and economic profit?

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Normal profit and economic profit are concepts used in economics to measure the profitability of a business or economic activity but they differ in their calculation and implications Normal Profit Nor...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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