This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the long run, the main reason that a monopolist can earn positive economic profits while a ... (Read 84 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
on: Jul 20, 2019
In the long run, the main reason that a monopolist can earn positive economic profits while a perfectly competitive firm cannot is:
◦ monopolists enjoy greater economies of scale.
◦ there are no barriers to entry in a perfectly competitive market.
◦ perfectly competitive firms face greater opportunity costs.
◦ the monopolist faces an inelastic demand for its product.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Deast7027 on Jul 20, 2019

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 20, 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.
Answer Preview
Only 56% of students answer this correctly


Deast7027

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 20, 2019
Excellent


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 20, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d
Main Facial Bones Main Facial Bones
Gram Positive Testing Gram Positive Testing
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
economic question (having trouble) economic question (having trouble)
Video: Arthroscopy

For a complete list of videos, visit our video library