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Because a monopoly has zero competition, its economic profit will always be positive O True • False

Because a monopoly has zero competition, its economic profit will always be positive O True • False
asked 24.6k views
1 vote
Because a monopoly has zero competition, its economic profit will always be positive

O True
• False

asked
User Born Ready
by
8.1k points

1 Answer

3 votes
it would be false because even if they don’t have competition when it comes to the production of their products they can make it expensive to there liking knowing that customers won’t have an alternative
answered
User Phil Booth
by
8.6k points
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