A monopoly is able to continue to generate economic profits


Question: A monopoly is able to continue to generate economic profits in the long run because

a. potential competitors sometimes don't notice the profits.

b. there is some barrier to entry to that market.

c. the monopolist is financially powerful.

d. antitrust laws eliminate competitors for a specified number of years.

e. of all of the above.

Solution Preview :

Prepared by a verified Expert
Management Theories: A monopoly is able to continue to generate economic profits
Reference No:- TGS02395588

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)