a monopoly earns positive economic profits in the long run because a it operates with constant r

Name: a monopoly earns positive economic profits in the long run because a it operates with constant returns to scale b it faces a kinked demand curve c demand in a monopoly market is perfectly in 51074
Uploaded: 2022-08-13T10:14:05-08:00
Duration: 2 min 1 s
Channel: Haricharan Gupta
Description: a monopoly earns positive economic profits in the long run because a it operates with constant returns to scale b it faces a kinked demand curve c demand in a monopoly market is perfectly in 51074

Question

Haricharan Gupta · Accepted Answer

Step 1: Monopolies have the ability to earn positive economic profits in the long run because th

Question

A monopoly earns positive economic profits in the long run because: A. it operates with constant returns to scale. B. it faces a kinked demand curve. C. demand in a monopoly market is perfectly inelastic. D. it operates with an optimal plant size. E. there are barriers to entry in the market.

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