In order for a monopolist to be earning a profit, price must be greater than
A)average total cost.
B)marginal revenue.
C)total cost.
D)marginal cost.

Question

Quizplus · Accepted Answer

For a monopolist to earn a profit, the price at which they sell their product must be greater than the average total cost of producing that product. This ensures that the revenue per unit exceeds the cost per unit, leading to a profit.

In Order for a Monopolist to Be Earning a Profit