Assertion: monopolist's profit | /r/HasProperty | supernormal
Facets:
Source sentences:
text: A monopolist earns supernormal profit when
text: With no close substitutes, the monopolist can derive super-normal profits, area PABC.
text: That is to say, if AC curve lies below the demand curve the monopolist will enjoy supernormal profit.
text: There is a misconception that a monopolist always earns supernormal profit and does not suffer from loss.
text: A monopolist makes supernormal profit Qm
text: A monopolist makes supernormal profit Qm
text: While a monopolist can maintain supernormal profits in the long run, it doesn’t necessarily make profits.
text: Since the monopolist is making abnormal or supernormal profits, the firm can invest that money into research and development.
text: The monopolist can earn supernormal profits in the short as well as in the long period.