A monopolist will earn economic profits as long as his price exceeds. True or False

Business

1 answer:

Natali [406]3 years ago

8 0

Answer:

Answer is True

Explanation:

With an understanding of economic profit which is the difference between the revenue received from the sale of a finished product and the total input cost. A monopolist will always earn economic profit because he is the price regulator for the product and does not have a competitor.

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