-This figure could apply to:
A) monopoly over the long run.
B) monopoly over the short run.
C) monopolistic competition over the short run.
D) all of the above.

Question

-This figure could apply to:
A) monopoly over the long run. 
B) monopoly over the short run. 
C) monopolistic competition over the short run. 
D) all of the above.

Quizplus · Accepted Answer

The figure in question (not visible in this interaction) could apply to all the given options because both monopolies and monopolistic competition can experience periods of economic profit or loss in the short run. Over the long run, a monopoly can sustain profits due to barriers to entry, while firms in monopolistic competition may only earn normal profits due to the entry of new competitors. However, without seeing the specific figure, this explanation assumes it depicts a scenario that could be applicable to each of the contexts mentioned.

-This Figure Could Apply To