At equilibrium in a monopoly,economic profits will most likely be
A)Greater than zero.
B)Zero.
C)Normal.
D)Negative.

Name: At equilibrium in a monopoly,economic profits will most likely be A)Greater than zero. B)Zero. C)Normal. D)Negative.
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Question

Quizplus · Accepted Answer

In a monopoly, the firm has market power, allowing it to set prices above marginal cost. This typically results in economic profits being greater than zero at equilibrium, as the firm can maintain prices that yield profits beyond normal returns.

At Equilibrium in a Monopoly,economic Profits Will Most Likely Be