A monopolist:
A. earns a profit in the short run and the long run.
B. earns a profit in the short run but not the long run.
C. can earn profits or incur losses in the short run.
D. can never incur losses.
Monopolists can earn profits or incur losses in the short run depending on the relationship between average total cost and price
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A monopolist: A. earns a profit in the short run and the long run. B. earns a profit in the short run but not the long run. C. can earn ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Why do governments exist? (Choose three responses) Select one or more: a. To create rules b. To provide law and order c. To punish opposition d. To protect people from conflicts
Answers (2)
Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $137,000? a.
Answers (1)
The Fisher Effect involves which of the items below? A. Nominal rate and inflation onlyB. Nominal rate, the real rate, and inflationC. Nominal rate and the real rate onlyD. Nominal rate, the bond rate, and inflation
Answers (2)
Which of the following is true when using a template your employer has created? A. A template makes it easier to accidently skip adding necessary parts of the document. B. A template allows you to customize your document. C.
Answers (1)
Teri takes her new puppy to the veterinarian. After he examines the puppy, the vet tells Teri that her puppy needs a series of shots. Teri agrees to the shots since the veterinarian knows way more about animal health than she does.
Answers (1)
New Questions in Business
Which of the elements of this scenario represent a flow from a household to a firm? this could be a flow of dollars, inputs, or outputs. check all that apply.
Answers (1)
Bob has the responsibility for product development, pricing, promotion, and distribution of Hi-Vee Vitamins for children. Bob's job would not involve:
Answers (1)
Which one of the following correctly describes the dividend yield? Multiple Choice Next year's annual dividend divided by today's stock price This year's annual dividend divided by today's stock price This year's annual dividend divided by next
Answers (1)
The Hopkinton Company just paid $2.25 as its annual dividend. The dividends have been increasing at a rate of 5% annually and this trend is expected to continue. The stock is currently selling for $63.60 a share.
Answers (1)
The primary method for sterilizing instruments is
Answers (1)