In an oligopoly market, if Gary's Gym is earning a positive economic profit, it means that the price is greater than the __________.

In an oligopoly market, if Gary's Gym is earning a positive economic profit, it means that the price is greater than the average total cost of providing its services. Economic profit occurs when a company makes more money than just covering all its costs, including fixed and variable costs. For example, if Gary's Gym charges $50 per membership but it only costs them $30 to provide that membership, they are making a profit of $20 per member. This profit indicates that they are doing well compared to their costs, which is a sign of healthy business performance in a competitive market. Therefore, the key idea is that a positive economic profit shows that the price exceeds the average total cost.