Ask Question
22 November, 04:22

A monopolist will earn economic profits as long as his price exceeds. True or False

+1
Answers (1)
  1. 22 November, 06:13
    0
    Answer is True

    Explanation:

    With an understanding of economic profit which is the difference between the revenue received from the sale of a finished product and the total input cost. A monopolist will always earn economic profit because he is the price regulator for the product and does not have a competitor.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A monopolist will earn economic profits as long as his price exceeds. True or False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers