Profits of a Monopoly Are Driven to Zero

question 25

Multiple Choice

Profits of a monopoly are driven to zero

• A)In the long-run as all assets are mobile in the long-run
• B)Immediately in the short-run as assets move from low-valued uses to high-valued uses instantly
• C)In the long run because the demand curve becomes more inelastic
• D)In the short run because the demand curve becomes more elastic

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