[Answered] Over the long run, monopolies can earn A) economic profit. B) normal profit only. C) accounting ...

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Author Question: Over the long run, monopolies can earn A) economic profit. B) normal profit only. C) accounting ... (Read 133 times)

stock

Hero Member
Posts: 573

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

Sr. Member
Posts: 323

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

D

stock

Member
Posts: 573

Reply 2 on: Jun 30, 2018

YES! Correct, THANKS for helping me on my review

anyusername12131

Member
Posts: 327

Reply 3 on: Yesterday

Wow, this really help

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