In the short run, the monopoly firm just like the firm under perfect competition) can also have only normal profit, or operate at a loss.

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In the short run, a monopoly firm can also earn only normal profit or incur losses depending on the market conditions and the level of demand for its product. This is similar to a firm operating under perfect competition. However, in the long run, a monopoly firm can potentially earn above-normal profits due to barriers to entry and lack of competition.

In the Short Run, the Monopoly Firm Just Like the Firm