In the long run, a single-price monopolist will
A) make zero economic profit.
B) be able to continue to make an economic profit as long as there is a barrier to entry.
C) end up being regulated by the government because it is making short-run economic profits.
D) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

A single-price monopolist can continue to make an economic profit in the long run as long as there are barriers to entry that prevent other firms from entering the market and competing away the profits.

In the Long Run, a Single-Price Monopolist Will