Economics · Monopoly Equilibrium
Which of the following statements is true regarding a monopolist's long-run equilibrium?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1In the long run, the condition for short-run equilibrium (MR = MC) is also satisfied.✓
- 2There is no short-run equilibrium condition applicable in the long run.
- 3In the long run, the monopolist always incurs losses when costs rise.
- 4In the long run, the monopolist can never earn supernormal profits.
Correct answer
In the long run, the condition for short-run equilibrium (MR = MC) is also satisfied.
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