Economy, asked by vikaskadam7116, 1 year ago

Economic profit or normal profit is the same as what

Answers

Answered by Manjuprajapati2
0
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Answered by Aɾꜱɦ
1

Explanation:

Economic profit is the profit an entity achieves after accounting for both explicit and implicit costs. Normal profit occurs when economic profit is zero or alternatively when revenues equal explicit and implicit costs.

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