Which statement is correct? Answer In the short run the pure monopolist will max

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Which statement is correct? Answer In the short run the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest In the short run the pure monopolist will charge the highest price it can get for its product Because of its ability to set its own price, the pure monopolist can increase price and increase its volume of sales simultaneously Pure monopolists do not always realize economic profits Which statement is correct? In the short run the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest In the short run the pure monopolist will charge the highest price it can get for its product Because of its ability to set its own price, the pure monopolist can increase price and increase its volume of sales simultaneously Pure monopolists do not always realize economic profits In the short run the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest In the short run the pure monopolist will charge the highest price it can get for its product Because of its ability to set its own price, the pure monopolist can increase price and increase its volume of sales simultaneously Pure monopolists do not always realize economic profits

Explanation / Answer

Pure monopolists do not always realize economic profits

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