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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The September equinox occurs the moment the Sun crosses the celestial Equator – the imaginary line in the sky above Earth's Equator – from north to south. This happens either on September 22, 23, or 24 every year.
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