Question

What is unusual or abnormal profit?

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Answer 1

Explanation:

What is unusual or abnormal profit?

Answer: The unusual or abnormal profits are those when the Total revenue > Total cost.

Answer 2

Explanation:

In economics, abnormal profit, also called excess profit, supernormal profit or pure profit, is "profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital." Normal profit (return) in turn is defined as opportunity cost of the owner's resources.