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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Counter claim, rebuttal. Despite means that you have more to add on, etc “Despite their enormous complaints, the governor proceeded with the new law anyway.”
When the sun’s energy moves through space it reaches earths atmosphere and the finally gets to the surface. The radiant solar energy warms the atmosphere and becomes heat energy.
Because they need the money for other necessities such as paying rent, insurance, living expenses, transportation, and even paying for college and books for college. and it’s likely they are making minimum wage if they have a job so it is hard to keep up and pay that much per month
