A monopolist that is earning economic losses will,in the long run,

Name: A monopolist that is earning economic losses will,in the long run,
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When a monopolist is earning economic losses in the long run, it means that its total revenue is less than its total costs. As a result, the firm is not sustainable in the long run and will exit the industry. By doing so, the supply in the market will decrease, causing the price to rise, and making it more profitable for the remaining firms in the market.

A Monopolist That Is Earning Economic Losses Will,in the Long