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.
Learn more about positive profit here:
brainly.com/question/1305349
#SPJ1
Add the numbers from the three sliders to determine the mass
The maximum score<span> on the </span>SAT<span> is 1600. Out of the 1.7 million students who take the test every year, only about 300 get the </span>highest<span> possible </span>SAT score<span>. This elusive </span>perfect score<span> catapults you to the top of high school academic achievement and can be a big boost to your college applications.</span>
