Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long run?
Loss of patent protection.
Significant barriers to entry.
Loss of control over a basic input.
A total revenue that is lower than fixed cost for all levels of output.
A price below average cost for all levels of output.
A cartel is
Found most of the time in monopolistic competition.
Usually exempt from antitrust laws in the United States.
Easier to maintain as the number of firms involved increases.
Unlikely to occur in international markets.
A formal collusive arrangement among firms.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long run? Loss of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What are the four properties that must be present in order to use binomial distribution? What are four properties that must be present in order to use the Poisson distribution?
Answers (1)
Jensen Automotive produces alternators for American-made cars. They generally use a static budget with the following costs based on 8,000 units per month: Indirect materials, $22,000; indirect labor, $25,000; utilities, $12,000; supervision, $4,000;
Answers (1)
Whispering Winds Corp. redeemed $174,000 face value, 9% bonds on April 30, 2017, at 104. The carrying value of the bonds at the redemption date was $157,221.
Answers (1)
On July 1, 2020, Ayayai Corporation purchased Young Company by paying $257,800 cash and issuing a $139,000 note payable to Steve Young. At July 1, 2020, the balance sheet of Young Company was as follows.
Answers (1)
A person who wants to cash his paycheck is advised to go to his bank rather than to a check cashing store because check cashing stores
Answers (1)
New Questions in Business
Lilly would like to gather more information about investing in stock. What resources can she use to find out more information?
Answers (1)
Matthew buys a vehicle that is under a three-year, 36,000-mile factory warranty from Kim after she has owned it for two years and has put 37,000 miles on it. For how long will Matthew be able to take the vehicle to the dealer to get free repairs?
Answers (1)
Eldin is a house painter. He can paint three houses per week. He is considering hiring his friend Murphy. Murphy can paint five houses per week. What is the maximum total output possible if Eldin hires Murphy?
Answers (1)
7. Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to require a permit for each ton of manure applied. The government gives each farmer 50 permits.
Answers (1)
Anthony and cathy smith have been married for thirty-one years. they have always had a joint bank account, discuss big expenditures before making them, and share household duties.
Answers (1)