Which of the Following Is Most Likely to Be True

question 179

Multiple Choice

Which of the following is most likely to be true of a monopoly in long-run equilibrium if it enjoys a patent and earns economic profit in the short run?

• A)It will earn only a normal profit in the long run.
• B)It will suffer an economic loss and stop producing in the long run.
• C)It will earn a positive economic profit in the long run.
• D)It will achieve productive efficiency in the long run.
• E)It will achieve allocative efficiency in the long run.

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