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Author Question: Over the long run, monopolies can earn A) economic profit. B) normal profit only. C) accounting ... (Read 138 times)

stock

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on: Jun 30, 2018
Over the long run, monopolies can earn
 A) economic profit.
  B) normal profit only.
  C) accounting profit only.
  D) no economic profit.

Question 2

Monopolies exist due to
 A) patents.
  B) government franchises.
  C) cost factors.
  D) all of these choices contribute to the power of a monopoly.


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Jmfn03

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


stock

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

epscape

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  • Posts: 335
Reply 3 on: Yesterday
Excellent

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