In the long run,

Name: In the long run,
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

In the long run,

Quizplus · Accepted Answer

Monopolies may earn economic profit in the long run if they are able to maintain their market power and prevent new competitors from entering the market. However, the potential for economic profit can attract new firms, which may lead to competition and erosion of monopoly power over time. While government regulation of monopolies may occur, it is not always guaranteed, and competition can also act as a check on monopolistic behavior.

In the Long Run