Why monopoly earns economic profit in long-run?
a) Because there is single firm in market
5) Because the firm protected

Question

Why monopoly earns economic profit in long-run?
a) Because there is single firm in market
5) Because the firm protected by barriers to entry
c) Because there are close substitutes to firm’s product
🙂 All the above

Abigail · Answer

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Audrey

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Why monopoly earns economic profit in long-run?a) Because there is single firm in market5) Because the firm protected