Supernormal profit refers to

Related MCQs

• A profit-maximizing firm in the short run will expand output:
• At the profit-maximizing level of output, a monopolist will always operate where:
• Which of the following statements is true regarding a profit maximizing monopoly
• Profit maximization for a perfectly competitive firm is at the quantity where
• If a perfectly competitive firm finds that the profit maximizing output level occurs where price is equal to marginal cost but is less than average variable cost
• The profit maximizing output level for a monopolist is
• For the monopolist, at the profit maximizing level of output
• Monopolist maximizes profit at the point where
• A multiplant monopolist maximizes his profit at the point where:
• A perfectly competitive firm gets only normal profit when