In both the short-run and the long-run,a monopoly is guaranteed to earn positive profits.

Name: In both the short-run and the long-run,a monopoly is guaranteed to earn positive profits.
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Question

Quizplus · Accepted Answer

In the short run, a monopoly can earn positive profits, break even, or incur losses depending on demand and cost conditions. In the long run, entry barriers can maintain positive profits, but it's not guaranteed if conditions change, such as shifts in demand or technological advancements.

In Both the Short-Run and the Long-Run,a Monopoly Is Guaranteed