In the Long Run, Which of the Following Is Not

question 191

Multiple Choice

In the long run, which of the following is not a problem for a monopolist earning economic profit?

• A)other firms have an incentive to create substitutes for the monopolist's product
• B)technological change tends to break down barriers to entry
• C)patents expire, licenses must be renewed, and new sources of essential resources may be discovered
• D)government often decides to regulate monopolies
• E)all profit will gradually be converted to consumer surplus

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Definitions:

Reactive Aggression

A form of aggression that is displayed in response to perceived threats or frustration.

Relational Aggression

A form of aggression in which harm is caused through manipulation or damage to relationships or social standing, rather than physical violence.

School Attendance

The act of being present at school during scheduled classes or activities.

Unpopular Child

A child who is less liked or accepted by peers, often experiencing difficulties in social integration and higher risks of bullying.