The main reason a monopolist can earn long-run economic profit, ...

[future617RT]

The main reason a monopolist can earn long-run economic profit, whereas a perfectly competitive firm cannot, is that
 a. monopolists operate under economies of scale
  b. perfectly competitive firms have opportunity costs
  c. demand for the monopolist's output is inelastic
  d. demand for the monopolist's output is elastic
  e. there are no barriers to entry in perfect competition

Question 2

The Sherman Antitrust Act makes it unlawful for firms to collude to restrain trade.
 a. True
  b. False

[amynguyen1221]

Answer to Question 1

E

Answer to Question 2

A

[future617RT]

Thanks for the timely response, appreciate it

[debra928]

Great answer, keep it coming