If a monopolist is earning positive economic profits in the short run then in the long run if cost and market conditions are unchanged then Group of answer choices a. it will continue to earn positive economic profits b. it can and will create new barriers to entry c. new firms will enter the market to compete for its customers d. it will make a loss in the long run e. All of the above.
If a monopolist is earning positive economic profits in the short run then in the long run if cost and market conditions are unchanged then Group of answer choices a. it will continue to earn positive economic profits b. it can and will create new barriers to entry c. new firms will enter the market to compete for its customers d. it will make a loss in the long run e. All of the above.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter23: Monopoly
Section: Chapter Questions
Problem 2WNG
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If a monopolist is earning positive economic profits in the short run then in the long run if cost and market conditions are unchanged then
Group of answer choices
a. it will continue to earn positive economic profits
b. it can and will create new barriers to entry
c. new firms will enter the market to compete for its customers
d. it will make a loss in the long run
e. All of the above.
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