Q
A monopoly is able to continue to generate economic profits in the long run because ?
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A
A. There is some barrier to entry to that market
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B
B. Potential competitors sometimes don’t notice the the profits.
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C
C. The monopolist is financially powerful.
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D
D. Antitrust laws eliminate competitors for a specified number of years.
Correct Answer:
A. A. There is some barrier to entry to that market
