What Factor(s) Enable a Monopoly to Make an Economic Profit

question 516

Essay

What factor(s) enable a monopoly to make an economic profit in the long run?

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Definitions:

Biofeedback

A technique that trains individuals to improve their health by controlling certain bodily processes that normally happen involuntarily, such as heart rate.

Neuromuscular

Pertaining to both neural (nerve) and muscular systems, especially concerning their interactions.

Autonomic

Pertaining to the autonomic nervous system, which controls involuntary bodily functions like heart rate and digestion.

Relaxation Response Technique

A stress-reduction method that decreases the activity of the sympathetic nervous system, often involving deep breathing, meditation, or yoga practices.