19. A monopoly is able to continue to generate economic profits in the long run because potential...
Question:
19. A monopoly is able to continue to generate economic profits in the long run because potential competitors sometimes don't notice the profits.
a. 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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
Question Posted: