Normal profit is a term forA) explicit profit.B) the competitive rate of return.C) the accounting profit forgone.D) pure economic profit.

Question

Normal profit is a term forA)  explicit profit.B)  the competitive rate of return.C)  the accounting profit forgone.D)  pure economic profit.

Kamaldeep Vinayak · Accepted Answer

Final Answer : B, Explanation :  Normal profit refers to the minimum level of profit needed for a company to remain competitive in the market, which is equivalent to the competitive rate of return.

Normal profit is a term for

A) explicit profit.
B) the competitive rate of return.
C) the accounting profit forgone.
D) pure economic profit.

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