What is Normal Profit?

-Normal Profit is when TR = TC -This is an Economic Profit of 0, but not Necessary a Money Profit of 0. This means the Opportunity Cost covers the Gap -If the Extra Revenue is Smaller than the Opportunity Cost, then the Firm is Better off if the Factors of Production was in another use -Normal Profit is the Minimum Level of Profit that is Required to keep Resources in the current state for the Long Run