what is normal profit Related: What is Goodwill? - Class 12, Accountancy

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what is normal profit Related: What is Goodwill? - Class 12, Accounta...

Normal profit is an economic condition that occurs when the difference between a firm's total revenue and total cost is equal to zero. Simply put, normal profit is the minimum level of profit needed for a company to remain competitive in the market.

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what is normal profit Related: What is Goodwill? - Class 12, Accountancy for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is normal profit Related: What is Goodwill? - Class 12, Accountancy covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is normal profit Related: What is Goodwill? - Class 12, Accountancy.

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