Figure 11-7 -It Is Not True in the Long Run of Monopolies

question 77

Multiple Choice

Figure 11-7
-It is not true in the long run of monopolies that

• A)other firms seeking positive economic profit enter the market.
• B)they earn positive economic profit.
• C)they sell their output at a price greater than marginal cost.
• D)they benefit from barriers to entry.

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