Question #48647

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) E. of all of the things described in these answers

Answer: A monopoly is able to continue to generate economic profits in the long run because there is some barrier to entry to that market.

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