If a monopolist earns positive economic profits in the long run,
A. the monopolist expands production.
B. the monopolist will not change its behavior.
C. new firms will enter the market.
D. the industry supply curve shifts to the right.
Answer: B
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During the 1990s, Japan experienced periods of deflation and very low nominal interest rates, approaching zero percent. Why would lenders of money agree to a nominal interest rate of almost zero?
What will be an ideal response?
Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________
A) long-run; increases B) long-run; decreases C) short-run; decreases D) short-run; increases
The primary assets of a finance company are
A) municipal bonds. B) corporate stocks and bonds. C) consumer and business loans. D) mortgages.
Land "conservatives" in the 19th century
a. believed that the sale of the public domain should provide substantial government revenue. b. believed that the U.S. should subsidize the production of certain agricultural products, including corn and wheat. c. supported the sale of the public domain in small plots. d. supported the rights of "squatters.". e. All of the above.