​In the Long-Run,a Monopoly Is Most Likely to Achieve

question 14

Multiple Choice

​In the long-run,a monopoly is most likely to achieve

• A)​An average rate of return
• B)Above average profits
• C)Economic Profits
• D)​Both B&C

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Definitions:

Alternative

Another option or choice available to parties in a situation, often considered when the primary option is not feasible or desirable.

Joint Payee

Involves two or more parties being named on a financial instrument or payment, requiring endorsement or agreement from all named before processing.

Suspended

Temporarily halted or stopped, often with the possibility of being resumed in the future.

Indorsed in Blank

A signature on a negotiable instrument, such as a check or promissory note, without specifying a new owner, making it payable to the bearer.