Home

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

Study and Earn Android App
Share this question with your friends

Correct Answer : C.


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

Submit
Load More..

Also checkout

Alligation or Mixture MCQ Banker's Discount MCQ Change of State MCQ Hydraulics & Fluid Machineries MCQ Digital Electronics MCQ Visual Basic MCQ Synonyms MCQ Genetics MCQ Clause Analysis MCQ Fluid Mechanics MCQ Current Affairs June 2017 MCQ Development of Biology MCQ