For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
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.
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What book is this from or...
Explanation:
“Increase in agricultural production and the rise in the per-capita income of the rural community, together with the industrialisation and urbanisation, lead to an increased demand in industrial production”
Answer:
The concentration of [ H3O^+] is 1.6 × 10^−7.
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Answer:
B.
Caucasus
Explanation:
~~This is a mountain range that is located between the Black Sea and the Caspian Sea which will be used as a border between Asia and Europe.
~~Countries included in the Caucasus would be Russia, Georgia, Azerbaijan, and Armenia.
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