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Author Question: If a single-price monopoly is making a large economic profit, what keeps other firms from competing ... (Read 152 times)

BrownTown3

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on: May 24, 2019
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.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by BrownTown3 on May 24, 2019

leahm14

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Reply #1 on: May 24, 2019
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.
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BrownTown3

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
:D TYSM

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