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  • 11-12-2019
  • Business
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A monopolist will earn economic profits as long as his price exceeds. True or False

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ecadrobe
ecadrobe ecadrobe
  • 12-12-2019

Answer:

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.

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