In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
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Who is a monopolist?</h3>
A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.
You can learn more about a monopolist here brainly.com/question/13113415
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Answer:
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Answer:
Explanation:
First you need to cross multiply to get 5(3y-8)=12y, then distribute to get 15y-40=12y, subtract 15y and get -40=-3y, finally divide by -3 to get y=13 1\3
Once your done with school 6 months after
