Figure 15-4 Figure 15-4 Shows the Demand and Cost Curves for a and Cost

question 7

Multiple Choice

Figure 15-4

Figure 15-4 shows the demand and cost curves for a monopolist.
-Refer to Figure 15-4.What is likely to happen to this monopoly in the long run if costs and demand stay the same?

• A)New firms will enter the market to eliminate its profits.
• B)It will expand its output to take advantage of economies of scale so as to further increase its profit.
• C)As long as there are entry barriers, this firm will continue to enjoy economic profits.
• D)It will be regulated by the government because of its excess profits.

---

Definitions:

Internal Audience

A group within an organization, such as employees or members, targeted by specific communications or information.

Complex Topic

A subject matter that is complicated and involves numerous interrelated elements or considerations.

Transitional Words

Words or phrases used to link sentences and paragraphs together smoothly, indicating relationships between ideas.

Analytical Reports

Documents that provide detailed analysis and insights on specific topics, often used to support decision-making.