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9 December, 04:46

The monopolist, unlike the perfectly competitive firm, can continue to earn an economic profit in the long run because of: Group of answer choices collusive

a. agreements with competitors.

b. price leadership. cartels.

c. a dominant firm.

d. extremely high barriers to entry.

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Answers (1)
  1. 9 December, 05:10
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    Answer: d. extremely high barriers to entry.

    Explanation: A monopolist is one who has a monopoly on something. A monopolist therefore exclusively provides a particular product or service, dominating the market and generally exerting powerful control over it. A monopoly offers a unique product or service and presents high barriers to prevent competition. As a result, unlike the perfectly competitive firm, can continue to earn an economic profit in the long run because of extremely high barriers to entry.
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Home » Business » The monopolist, unlike the perfectly competitive firm, can continue to earn an economic profit in the long run because of: Group of answer choices collusive a. agreements with competitors. b. price leadership. cartels. c. a dominant firm. d.
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