For the output maximizing monopolist whose stockholders demand a normal economic return on equity, economic profit
A)Is positive
B)Is negative
C)Is zero
D)May be positive or zero

Name: For the output maximizing monopolist whose stockholders demand a normal economic return on equity, economic profit A)Is positive B)Is negative C)Is zero D)May be positive or zero
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

A normal economic return implies that the firm is covering all its costs, including opportunity costs, resulting in zero economic profit.

For the Output Maximizing Monopolist Whose Stockholders Demand a Normal