Multiple Choice
A monopoly ________ make positive economic profit in the long run because ________.
A) can;barriers to entry prevent other firms from entering the market and sharing the profit
B) cannot;eventually demand will decrease and prices will fall
C) cannot;other firms will enter the market until all firms are making zero economic profit
D) can;new technology constantly lowers costs for the monopoly firm and for its competitors
E) can;demand constantly increases and price constantly rises
Correct Answer:

Verified
Correct Answer:
Verified
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