Lesson 5.8 - Monopoly Profit and Loss1. Profit=we can rewrite the formula as Profit =firm has no variable costs, Profit would be equal to2. A firm seeks to maximizevariable costs exist, maximized profit3. A single-price monopolist will earnif P < ATC.Because total cost is the sum of total fixed costs and total variable costs,). However, if thenot totalmaximized revenue.if P > ATC, but will earn. When no

A monopoly is a market form where there is only one seller while the consumers are in large numbers.…

1. Profit= we can rewrite the formula as Profit= firm has no variable costs, Profit would be equal to 2. A firm seeks to maximize variable costs exist, maximized profit Because total cost is the sum of total fixed costs and total variable costs, ). However, if the 3. A single-price monopolist will earn if P < ATC. not total maximized revenue. if P > ATC, but will earn When no