Question

what is a concept of normal profit

Answer 1

Normal profit is an economiccondition that occurs when the difference between a firm's totalrevenue and total cost is equal to zero. Simply put, normal profit is the minimum level of profit needed for a company to remain competitive in the market.

Answer 2

Hi Juju108, here is ur answer.....

Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.