63 818
Assignments Done
99,5%
Successfully Done
In August 2018

Answer to Question #49140 in Microeconomics for Ian

Question #49140
A single price profit-maximizing monopolist is earning positive economic profits. If they decide to maximize total revenue instead, what would happen if they lowered the price below the revenue-maximizing price?
Expert's answer
If the price is lower than  the revenue-maximizing price, then the monopolist loses it potential revenue.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions