Match List-I with List-II

List-I	List-II
(A) Normal profit	(I) Minimum level of profit need by firm to be in business.
(B) Shut down point	(II) Minimum level of LRAC curve
(C) Break-even point	(III) Profit Over and above normal profit
(D) Super-normal profit	(IV) The point on which firm earn only normal profit.

Choose the correct answer from the options given below:

Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III) -> Let's match each concept:

(A) Normal profit matches with (I) - Normal profit is the minimum return required to keep a firm in business, covering all opportunity costs including the entrepreneur's time and capital. It's the baseline profit needed for survival.

(B) Shut down point matches with (II) - In the long run, the shut down point occurs at the minimum of the Long Run Average Cost (LRAC) curve. Below this point, the firm cannot cover its average costs and should exit the industry.

(C) Break-even point matches with (IV) - At the break-even point, total revenue equals total cost, meaning the firm earns zero economic profit but still earns normal profit (covering all costs including opportunity costs).

(D) Super-normal profit matches with (III) - Super-normal profit (also called economic profit or abnormal profit) is any profit earned over and above normal profit. It indicates the firm is earning more than the minimum required return. -> correct