The primary reason why a monopoly can make a long-run economic profit is the existence of
A) barriers to entry.
B) inelastic demand.
C) price discrimination.
D) many buyers.

Name: The primary reason why a monopoly can make a long-run economic profit is the existence of A) barriers to entry. B) inelastic demand. C) price discrimination. D) many buyers.
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Question

Quizplus · Accepted Answer

Barriers to entry prevent other firms from entering the market and competing with the monopoly, allowing it to maintain long-run economic profits.

The Primary Reason Why a Monopoly Can Make a Long-Run