Topic updates
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.
- Economics
- Blog
- Topic updates
- Profit
- Profitability
- Supernormal profit
- Profit Margin
- Profit maximisation
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.
You might also like
Revenue growth as an objective for Twitter
29th July 2015
Evaluating Monopoly (AS Micro)
Topic Videos
Barriers to Entry (Quizlet Revision Activity)
Quizzes & Activities
Marginal Cost Examples
Topic Videos
Price Discrimination and Consumer Welfare - A-Level Economics Essay Walkthrough
Practice Exam Questions
In Economics - what is thinking at the margin?
2nd August 2023
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails