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A normal profit is: the average profitability of a firm over one complete business cycle. calculated by subtracting explicit costs from total revenue. the return
A normal profit is: the average profitability of a firm over one complete business cycle. calculated by subtracting explicit costs from total revenue. the return required to retain entrepreneurial talent in some particular line of production. the amount by which total revenue exceeds total costs.
A normal profit is: the average profitability of a firm over one complete business cycle. calculated by subtracting explicit costs from total revenue. the return required to retain entrepreneurial talent in some particular line of production. the amount by which total revenue exceeds total costs.
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