In the long run, a monopoly:
A) will always earn economic profit.
B) is always free from competition, either real or potential.
C) will always be protected by the government to prevent competition.
D) can change its plant size.

Question

Quizplus · Accepted Answer

Monopolies, like other business forms, can adjust their operations to meet demand or improve efficiency, including changing their plant size. Choices A, B, and C are not always true for monopolies.

In the Long Run, a Monopoly