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

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asked Oct 24, 2024 24.6k views

1 Answer

Phil Booth · Answer 1 · 2024-10-30T21:42:04+0000

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

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

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