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fluffycookie fluffycookie
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5 years ago
A monopolist can earn economic profits in the long run because
A) a monopoly is by definition large, and this gives it the ability to make large profits.
B) a monopoly makes the good or service better than anyone else.
C) barriers to entry prevent new firms from entering the industry.
D) monopolies can legally force people to buy their products and to pay more for them than they are worth.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 52 times
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RobotLavaRobotLava
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5 years ago
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fluffycookie Author
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#2
5 years ago
Going to mark this solved!
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#3
5 years ago
Perfect
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