Monopoly profit | business (2024)

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The realms of philosophy and religion have sometimes intersected in conducting such inquiries as these. As with philosophy, the study of religion underscores how humankind has long speculated about its origins. The possibility of a higher being (or beings) to which livings things owe their existence has long captived human thought. Many religions also offer their own views on the nature of good and evil, and they may prescribe guidelines and judgment on different kinds of human behavior.","image":{"id":0,"url":"/95/180595-050-EDF2CA3A.jpg","altText":"Philosophy & Religion","credit":null,"width":null,"height":null,"fullUrl":"https://cdn.britannica.com/95/180595-050-EDF2CA3A.jpg"}},"typeDisplayName":"Demystified"}]},"byline":null,"citationInfo":null,"websites":null,"freeTopicReason":"COUNTRY_IS_FREE","articleSchemaMarkup":{"keywords":"monopoly profit","wordcount":0,"url":"https://www.britannica.com/topic/monopoly-profit","description":"Other articles where monopoly profit is discussed: profit: …third type of profit is monopoly profit, which occurs when a firm restricts output so as to prevent prices from falling to the level of costs. The first two types of profit result from relaxing the usual theoretical assumptions of unchanging consumer tastes and states of technology. The third type…","publisher":{"name":"Encyclopedia Britannica","@type":"Organization","logo":{"url":"https://corporate.britannica.com/wp-content/themes/eb-corporate/_img/logo.png","@type":"ImageObject"}},"@context":"https://schema.org","@type":"article"},"studentArticle":false,"initialLoad":true}