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 the market remains a monopoly.
C) end up being regulated by the government because it is making short-run economic profits.
D) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

In the long run, a single-price monopolist can continue to make an economic profit as long as there are barriers to entry that prevent other firms from entering the market and competing away the profits.

In the Long Run, a Single-Price Monopolist Will