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Author Question: Because of a patent, XYZ plc is the only manufacturer of milk cartons with a special pourer. XYZ plc ... (Read 191 times)

newbem

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on: May 25, 2020
Because of a patent, XYZ plc is the only manufacturer of milk cartons with a special pourer. XYZ plc can earn supernormal profit on the sale of milk cartons with these pourers
◦ in the long run but not the short run because the monopolist will face competition in the short run.
◦ only in the long run because government regulations prevent monopolists from earning supernormal profits in the short run.
◦ in the long run because entry into the industry by new firms is blocked.
◦ in the short run but not in the long run because new firms will enter the industry in the long run.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by newbem on May 25, 2020

billybob123

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Reply #1 on: May 25, 2020
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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newbem

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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