Question

For a monopolist, if price is above average total cost, the monopolist is quizlet

Answer 1

For a monopolist, if price is above average total cost, the monopolist is:

• Earning positive or economic profit

What is positive profit?

A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.

So when the monopolist fixes his price above the total cost, he will earn a positive profit.

Learn more about positive profit here:

brainly.com/question/1305349

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