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In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
<h3>
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:
it's ok a lot of people don't know about braineliest
and get off after their homework/work is answered
Answer:
Explanation:
I don't think you can really tell. You need one more statement like
BC is equal to AM
Only then will the answer of 1/3 be right.
