asked 28.9k views
1 vote
A monopolist will earn economic profits as long as his price exceeds. True or False

asked
User Soorena
by
7.7k points

1 Answer

5 votes

Answer:

Answer is True

Step-by-step 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.

answered
User Ellis Valentiner
by
8.0k points
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