In a monopoly in the long run:
A.economic profits will be eliminated by the entry of rival firms.
B.economic profits will be reduced but not eliminated entirely by the entry of rival firms.
C.entry by other firms will not occur.
D.social surplus is maximized.

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The Answer of In a monopoly in the long run:
A.economic profits will be eliminated by the entry of rival firms.
B.economic profits will be reduced but not eliminated entirely by the entry of rival firms.
C.entry by other firms will not occur.
D.social surplus is maximized.

In a Monopoly in the Long Run