Can a monopoly make positive economic profit in the long run?
A monopoly ________ make positive economic profit in the long run because ________.

Question

Can a monopoly make positive economic profit in the long run? 
 A monopoly ________ make positive economic profit in the long run because ________.

Accepted Answer

can; barriers to entry prevent other firms from entering the market

Answer

can; demand constantly increases and price constantly rises

Answer

can; new technology constantly lowers costs for the monopoly and its competitors

Answer

cannot; other firms will enter the market until economic profit falls to zero

Answer

cannot; eventually demand will decrease and prices will fall

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