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30 November, 14:10

A monopolist will earn economic profits as long as his price exceeds. True or False

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  1. 30 November, 17:30
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    Answer is True

    Explanation:

    With an understanding of economic profit which is the difference between the revenue received from the sale of a finished product and the total input cost. A monopolist will always earn economic profit because he is the price regulator for the product and does not have a competitor.
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