Practicing Success
Practicing Success
CUET Preparation Today
Consider the following graph of a monopolist.
At output level less than q1, profits can be |
Positive Negative Zero All of above |
All of above |
At output levels less than q1, from q1 to q2, there will be positive profits. At q2, there will be no profits (and no losses either). At output levels less than q2, there will be negative profits (losses). |
