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Monopolies can earn positive economic profits in the long run while monopolistically competitive ...

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Monopolies can earn positive economic profits in the long run while monopolistically competitive ...

Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
A) barriers to entry in monopoly but not in monopolistic competition.
B) economies of scale in monopolies but not in monopolistic competition.
C) the less elastic demand faced by monopolies as compared to monopolistically competitive firms.
D) market power of monopolies while monopolistically competitive firms have no market power.

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apadong Author

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7 years ago

Thanks for your help!!

zbmallo3

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Yesterday

Thank you, thank you, thank you!

dearsophia21

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2 hours ago

Good timing, thanks!

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