In the long run, a single-price monopolist will

A) make zero economic profit.
B) be able to continue to make an economic profit as long as there is a barrier to entry.
C) end up being regulated by the government because it is making short-run economic profits.
D) Both answers A and C are correct.

B

Economics

You might also like to view...

The Great Crash on the New York Stock Exchange occurred in ________

A) October 1929 B) July 1776 C) September 2001 D) March 1933

Economics

Two of the earliest colleges with residence courses were Stout Institute in Wisconsin and the University of:

a. Illinois b. Georgia c. Alabama d. Mississippi

Economics