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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Poem and the essay of what?
Answer:
The Sun's gravity pulls the planets in orbit around it, and some planets pull moons in orbit around them. Even spacecraft are in motion through the solar system, either in orbit around the Earth or Moon, or traveling to further worlds, because of gravitational forces.
Explanation:
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- The population being all iPhone 4 users is True
- The 2% denote the sample statistic.
<h3>Sample statistic</h3>
This refers to the figures which are computed through the available data for
an item. Examples include:
The population being all iphone 4 user is true because it is the item that has
the data provided and is being talked
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