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Author Question: In the long run, a monopoly (Read 31 times)

bobbie

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on: Apr 19, 2019

Question 1

In the short run, when a monopolist incurs a loss, it will


◦ always shut down.
◦ always produce where marginal cost equals marginal revenue.
◦ produce as long as total revenue is sufficient to cover variable costs.
◦ produce as long as total revenue is sufficient to cover fixed costs.

Question 2

In the long run, a monopoly


◦ will always earn zero economic profits.
◦ may earn positive economic profits due to entry barriers.
◦ will never exit the industry.
◦ will yield an efficient outcome.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbie on Apr 19, 2019

s.meritte

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Reply #1 on: Apr 19, 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.
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bobbie

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

tuate

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Reply 3 on: Yesterday
Wow, this really help

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