Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:

A. Advertising

B. His low LAC

C. Blocked entry

D. High price he charges

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Under which of the following forms of the market structure does a firm have no control over the price…
  2. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  3. In case of monopoly, the slope of MR is:
  4. Equilibrium of a firm represents maximization of profits as well as:
  5. Price-taker firms:
  6. The average product is given as:
  7. In second degree price discrimination, monopolist takes away :
  8. Perfect competition assumes:
  9. Competitors in monopolistic competition have full control over:
  10. When the income of consumer increases then budget line will:
  11. For a few products such as insulin for diabetics,:
  12. When there is decrease in demand the demand curve:
  13. The isoquant approach is based upon:
  14. Demand is consumers:
  15. Moving down along a linear demand curve:
  16. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  17. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  18. Economies of large-scale production:
  19. Supply and demand changes have their most rapid impact in:
  20. The monopolist often lead to exploitation of:
  21. One way the government can induce a monopolist to expand his output is by imposing:
  22. Who wrote Mathematical Analysis for Economists?
  23. A shift in the demand for a product is likely to result from a change in:
  24. Which of the following is not a property of indifference curve?
  25. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  26. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  27. The demand curve of ostentation goods (Veblen goods) will be:
  28. Who finalized the model of imperfect competition?
  29. To get more revenue, a Finance Minister impose tax on that commodity which has:
  30. Who stated explicitly for the first time the Law of Camparative Costs?