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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If a single-price monopoly is making a large economic profit, what keeps other firms from competing away the profit?
A) There are barriers to entry.
B) The monopoly must be keeping the amount earned secret.
C) The market must be too small.
D) The existing firm's ATC must be too large to allow competitors to enter and earn an economic profit.
E) Nothing, other firms will enter and will compete away the profit.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
No problemo Happy Dummy
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