Assertion: monopolist's profit | /r/HasProperty | economic
Facets:
Source sentences:
text: A monopolist, in the short run, can earn pure profit or economic profit as well as normal profit.
text: A monopolist can set a price in excess of costs, making an economic profit (shaded).
text: Unlike the purely competitive firm, the pure monopolist can continue to receive economic profits in the long run.
text: Pure monopolists may obtain economic profits in the long run because: A. of advertising.