In the Monopoly Market Structure, New Firms

question 142

Multiple Choice

In the monopoly market structure, new firms

• A)cannot profitably enter the industry, even in the long run
• B)may freely enter and leave the industry in both the short run and the long run
• C)may freely enter and leave the industry in the long run only
• D)may freely enter and leave the industry in the short run only
• E)have no incentive to enter the industry, even if economic profits are present