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

This topic contains a solution. Click here to go to the answer

Author Question: Over the long run, monopolies can earn A) economic profit. B) normal profit only. C) accounting ... (Read 132 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.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

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

Excellent

lkanara2

Member
Posts: 329

Reply 3 on: Yesterday

Gracias!

« previous next »

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).