A monopolist may enjoy abnormal profit only if its
...A monopolist may enjoy abnormal profit only if its
Marginal cost exceeds marginal revenue
Demand curve is perfectly elastic
Expenditure on advertisement increases
Price exceeds average total cost
Correct answer is D
A monopolist may enjoy abnormal profit only if its price exceeds average total cost. This is because a monopolist is the only producer in the market, and they can therefore set the price of their product. If the price exceeds average total cost, the monopolist will be making a profit.
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