Pure monopolists may obtain economic profits in the long run because

Question

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Pure monopolists can obtain economic profits in the long run because they face barriers to entry, which restrict the entry of potential competitors into the market. This allows the monopolist to maintain market control and charge prices above marginal cost, resulting in economic profits. Options A, B, and D do not directly contribute to the ability of monopolists to obtain economic profits in the long run.

Pure Monopolists May Obtain Economic Profits in the Long Run