Abnormal Profit
Abnormal profit
, also referred to as
supernormal profit
, is an
economic
term of
profit
exceeding the
normal profit
. Normal profit equals the
opportunity cost
of
labour
and
capital
, while abnormal profit exceeds the normal return from these input factors in production. In principle there are three kind of abnormal profit:
Monopoly rent
Resource rent
Intra marginal rent
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