Monopoly Mcqs for Economics


Q.  A monopoly is able to continue to generate economic profits in the long run because ?

a. there is some barrier to entry to that market
b. Potential competitors sometimes don’t notice the the profits
c. the monopolist is financially powerful.
d. antitrust laws eliminate competitors for a specified number of years.
e. of all of the things described in these answers


ANSWER: See Answer
 
No explanation is available for this question!
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