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:

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The legislative branch of the United States federal government, consisting of the Senate and the House of Representatives.

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The process of combining two or more entities into a single entity, often seen in corporate or organizational contexts.