![Normal profit Normal profit](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Normal profit
Normal profit is the minimum rate of return that a firm must earn to remain in industry.
or
Normal profit is an earning or reward to an entrepreneur(s) or a firm(s) that is just sufficient (enough to cover total costs or keep him/it) in production without inducing other firms to join the industry
Here AR = AC and TR= TC
CATEGORIES Economics
TAGS Dr. Bbosa Science