A monopolist will only be able to make a profit if, at some output level, the average revenue exceeds the average cost

Name: A monopolist will only be able to make a profit if, at some output level, the average revenue exceeds the average cost
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Question

Quizplus · Accepted Answer

A monopolist can make a profit when average revenue (price) is greater than average cost at a certain output level, as profit is calculated as total revenue minus total cost.

A Monopolist Will Only Be Able to Make a Profit