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A pure monopolist: will realize an economic profit if total revenue exceeds total costs at the profit - maximizing / loss - minimizing level of
A pure monopolist:
will realize an economic profit if total revenue exceeds total costs at the profitmaximizinglossminimizing level of output.
will realize an economic profit if price exceeds AVC at the profitmaximizinglossminimizing level of output.
will realize an economic loss if MC intersects the downsloping portion of MR
always realizes an economic profit.
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