In the Long Run, a Single-Price Monopolist Will

question 512

Multiple Choice

In the long run, a single-price monopolist will

• A) make zero economic profit.
• B) be able to continue to make an economic profit as long as the market remains a monopoly.
• C) end up being regulated by the government because it is making short-run economic profits.
• D) Both answers A and C are correct.

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Definitions:

Hispanic Americans

Americans of Spanish-speaking heritage, originating from Latin American countries or Spain, contributing to the cultural and linguistic diversity of the United States.

Ecological Theory

A framework in the social and biological sciences that explores how organisms interact with their environment and the impacts of these interactions on both the organisms and their habitats.

Accommodation

The process of adapting or adjusting to new conditions or environments, or in sociology, the process by which conflicting groups coexist by making concessions.

Ethnic Groups

Collections of people who share common cultural characteristics, such as language, religion, and customs.