a monopolist can make an economic profit in the long run because of

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11-05-2022
Social Studies

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a monopolist can make an economic profit in the long run because of

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suchetasVT suchetasVT · Answer 1 · 2022-05-23T09:16:33+02:00

The presence of barriers to entry prevents firms from entering the market even in the long run. Hence, it is possible for monopolists to avoid competition and make profits in the long run.

What do you mean by monopolist?

An individual, group, or organization that controls the marketplace for a selected top or service is called a Monopolist.

The Monopolist has little incentive to enhance their product due to the fact clients don't have any alternatives.

Thus, it is possible for monopolists to avoid competition and make profits in the long run because of the existence of barriers to trade for the firms.

Learn more about monopolist here:

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