In the long run,a monopolist can continue to earn economic profits.

Name: In the long run,a monopolist can continue to earn economic profits.
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Question

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A monopolist has the power to control the market price for its product, and can continue to earn economic profits in the long run due to barriers to entry that limit competition. However, the ability to maintain such profits depends on various factors such as changes in market demand, entry of new competitors, and regulation by government authorities.

In the Long Run,a Monopolist Can Continue to Earn Economic