A Monopolist May Make a Profit

question 119

Multiple Choice

A monopolist may make a profit

• A)only in the short run.
• B)only in the long run.
• C)in both the short and long run.
• D)in neither the short nor long run.

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Definitions:

Time-consuming

Describes tasks or activities that require a lot of time to complete, often implying a trade-off with efficiency or productivity.

Alternative Courses

Different pathways or approaches that can be taken to achieve a goal or solve a problem.

Choosing

The process of selecting among several options or making a decision in a given context.

Weighed

Considered carefully by comparing the relative importance or consequences of different factors or options.