As the only seller, what can a pure monopolist always achieve? a. Earn a positive economic profit. b. Set any price it d

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

As the only seller, what can a pure monopolist always achieve? a. Earn a positive economic profit. b. Set any price it d

Post by answerhappygod »

As the only seller, what can a pure monopolist alwaysachieve?
a.
Earn a positive economic profit.
b.
Set any price it desires.
c.
Deter entry.
d.
None of the answers above is correct.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply