'Since a monopoly is the sole supplier in its market, it can always make a profit.' Do you agree or disagree with this statement? Why?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 25CTQ: ALCOA does not have the monopoly power it once had. How do you suppose their barriers to entry were...
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'Since a monopoly is the sole supplier in its market, it can always make a profit.'
Do you agree or disagree with this statement? Why?

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