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 res...
单词 supernormal profit 释义 supernormal profit Definition The total revenue exceeding total costs for a company that holds a monopoly in a market. 随便看 post-completion audit post consumer materials post consumer recycling post date postdate postdated check postdated check plan posterior probability ...
In perfect competition, a firm maximizes its economic profit when producing an output which ___. There are four market models: perfect competition, monopolistic competition, oligopoly, and monopoly. Explain the long-run economic profit earned by each of the ...