If the monopolist incurs losses in the short run, then in the long run

Name: If the monopolist incurs losses in the short run, then in the long run
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

Quizplus · Accepted Answer

In the long run, a monopolist facing short-run losses may adjust their operations, prices, or products to return to profitability, break even, or might even exit the business if the situation doesn't improve. The outcome depends on the specific circumstances and strategies employed by the monopolist.

If the Monopolist Incurs Losses in the Short Run, Then