A monopolist will be able to earn positive pure economic profits regardless of the price elasticity of demand.

Name: A monopolist will be able to earn positive pure economic profits regardless of the price elasticity of demand.
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Question

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A monopolist can earn positive economic profits if it can set a price above its average total cost, but if the demand is highly elastic, raising prices could lead to a significant drop in quantity demanded, potentially reducing profits.

A Monopolist Will Be Able to Earn Positive Pure Economic