A monopoly may continue to make economic profits in the long run due to barriers to entry.

Name: A monopoly may continue to make economic profits in the long run due to barriers to entry.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Monopolies can maintain economic profits in the long run because they often have barriers to entry that prevent competitors from entering the market and eroding their profits. These barriers could include patents, economies of scale, or high start-up costs.

A Monopoly May Continue to Make Economic Profits in the Long