Abnormal profit
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. A related broader term is economic rent, which applies to the owner of a resource, such as land, rather than to the firm as such. In principle, there are three kinds of abnormal profit:
* Monopoly profit
* Resource rent
* .
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Abnormal profit
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. A related broader term is economic rent, which applies to the owner of a resource, such as land, rather than to the firm as such. In principle, there are three kinds of abnormal profit:
* Monopoly profit
* Resource rent
* .
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In economics, abnormal profit, ...... s could be sustained by firms.
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In economics, abnormal profit, ...... y profit
* Resource rent
* .
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Abnormal profit
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