Asked by
Tyben Densborn
on Nov 30, 2024Verified
The monopolist shown in the above graph
A) is making a profit.
B) is taking a loss.
C) is breaking even.
D) may be making a profit or breaking even.
E) may be taking a loss or breaking even.
Making a Profit
The financial gain realized when the revenue gained from a business activity exceeds the costs, expenses, and taxes involved in sustaining the activity.
Breaking Even
The point at which total costs and total revenues are equal, resulting in no net loss or gain.
Taking a Loss
The action of selling an asset for less than its purchase price, resulting in a financial loss for the seller.
- Recognize and clarify the situations enabling monopolies to face financial deficits or secure earnings.
Verified Answer
JM
Learning Objectives
- Recognize and clarify the situations enabling monopolies to face financial deficits or secure earnings.