Unformatted text preview: efficient and favorable conditions of production. Whether a monopolist will always earn extra profits or be satisfied with normal profits depends upon the technical cost conditions of a monopolist and the flexibility of the demand curve. By nature , a monopolist is not likely to allow his profits to fall. He will maintain some positive profits through restrictive practices....
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This note was uploaded on 11/26/2011 for the course ECONOMIC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10