Abnormal (supernormal) profit
What Abnormal (supernormal) profit means in Economics A-Level, as defined for AQA.
Definition of Abnormal (supernormal) profit
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Reference: AQA
Any profit achieved in excess of normal profit, occurring when total revenue exceeds total economic costs.
Topics that use Abnormal (supernormal) profit
- Profit (AQA A-Level)
Related terms
Using Abnormal (supernormal) profit in the exam
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