This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a single-price monopoly is making a large economic profit, what keeps other firms from competing ... (Read 134 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: May 24, 2019
If a single-price monopoly is making a large economic profit, what keeps other firms from competing away the profit?
◦ There are barriers to entry.
◦ The monopoly must be keeping the amount earned secret.
◦ The market must be too small.
◦ The existing firm's ATC must be too large to allow competitors to enter and earn an economic profit.
◦ Nothing, other firms will enter and will compete away the profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on May 24, 2019

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: May 24, 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.
Answer Preview
Only 56% of students answer this correctly


BrownTown3

  • Member
  • Posts: 564
Reply 2 on: May 24, 2019
:D TYSM

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

A chuckwalla, Sauromalus ater. Chuckwallas are large herbivorous lizards living in the southwestern A chuckwalla, Sauromalus ater. Chuckwallas are large herbivorous lizards living in the southwestern
Single atoms form the nodes of an elementary quantum network Single atoms form the nodes of an elementary quantum network
Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion
(A) In hyperopia, light rays focus behind the retina, making it difficult to focus on objects at ... (A) In hyperopia, light rays focus behind the retina, making it difficult to focus on objects at ...
economic question economic question
Contributions to political parties , by economic sector 2020 Contributions to political parties , by economic sector 2020
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library