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

User Soorena
by
5.5k 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.

User Ellis Valentiner
by
5.9k points