Economy, asked by sahilansari6202, 1 year ago

Under which conditions a monopoly firm incur losses

Answers

Answered by kittu5797
1
Short-Run Profit or Loss. In the short run, a monopolistically competitivefirm maximizes profit or minimizeslosses by producing that quantity that corresponds to when marginal revenue = marginal cost. If average total cost isbelow the market price, then the firm will earn an economic profit.



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