If a Single-Price Monopoly Is Making a Large Economic Profit,what

question 81

Multiple Choice

If a single-price monopoly is making a large economic profit,what keeps other firms from competing away the profit?

• A) There are barriers to entry.
• B) The monopoly must be keeping the amount earned secret.
• C) The market must be too small.
• D) The existing firm's ATC must be too large to allow competitors to enter and earn an economic profit.
• E) Nothing, other firms will enter and will compete away the profit.

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Definitions:

Pennate

Referring to a type of muscle fiber arrangement that resembles a feather, in which the fascicles attach obliquely to a central tendon.

Deep Inspiration

A large intake of breath that increases lung volume and decreases intrapleural pressure, facilitating the intake of oxygen.

Pectoralis Major

A large muscle in the upper chest that aids in the rotation and movement of the arm across the body.

Diaphragm

A large, dome-shaped muscle located below the lungs that contracts and relaxes to aid in the breathing process.