Why Can a Monopoly Make an Economic Profit in the Long

question 222

Multiple Choice

Why can a monopoly make an economic profit in the long run?

• A) because there are close substitutes for the firm's product
• B) because the firm is protected by barriers to entry
• C) because the firm produces where MR = MC
• D) All of the above are reasons why a monopoly can earn an economic profit in the long run.

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