Monopolists are generally very large firms. Does this observation mean that monopolists will always earn a profit?

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Monopolists are generally very large firms. Does this observation mean that monopolists will always earn a profit? Carefully explain your answer.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Aug 23, 2019 12:03 PM

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Monopolists are generally very large firms. Does this observation mean that monopolists will always earn a profit?

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Monopolists can certainly operate at a loss if their ATC is a...View the full answer

Economics

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