This topic contains a solution. Click here to go to the answer

Author Question: If a single-price monopoly is making a large economic profit, what keeps other firms from competing ... (Read 157 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
If a single-price monopoly is making a large economic profit, what keeps other firms from competing away the profit?
◦ There are barriers to entry.
◦ The monopoly must be keeping the amount earned secret.
◦ The market must be too small.
◦ The existing firm's ATC must be too large to allow competitors to enter and earn an economic profit.
◦ Nothing, other firms will enter and will compete away the profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on May 24, 2019

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: May 24, 2019
Wow, this really help


Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library