If a price ceiling on a monopolist results in NO shortage:

Question

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If a price ceiling is set at a level that does not result in a shortage, it means that the quantity supplied by the monopolist is equal to the quantity demanded by consumers. This only happens if the full economic price (including the producer surplus) is lower than the price ceiling. In other words, the monopolist is willing to supply the quantity demanded at a lower price than their usual markup, which implies that their economic profit is smaller or even zero.

If a Price Ceiling on a Monopolist Results in NO