In order for a monopolist to earn a pure economic profit in short-run equilibrium, price must exceed average total cost.

Name: In order for a monopolist to earn a pure economic profit in short-run equilibrium, price must exceed average total cost.
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In order for a monopolist to earn a pure economic profit, price must exceed average total cost, as the monopolist can charge a higher price due to their control over the market and still cover their costs.

In Order for a Monopolist to Earn a Pure Economic