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Normal and Supernormal Profits Explained - A-Level Economics Mastery

Geoff Riley

12th December 2024

In this video we look at the important difference between normal and supernormal profit and then link both concepts to different market structures.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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