Which of the Following Conditions Would Most Likely Permit a Monopolist

question 68

Multiple Choice

Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long run?

• A) a price below average variable cost for all levels of output
• B) loss of patent protection
• C) a total revenue that is lower than fixed cost for all levels of output
• D) significant barriers to entry
• E) loss of control over a basic input

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