Part of total cost
Part of economic profit
Total revenue minus total cost
Total revenue minus implicit cost
✅ The correct answer is A.
Normal profit is Part of total cost. Normal profit is an economic term that describes when a company’s total revenues are equal to its total costs in a perfectly competitive market.
Normal profit is Part of total cost. Normal profit is an economic term that describes when a company’s total revenues are equal to its total costs in a perfectly competitive market.