IDNLearn.com offers a collaborative platform for sharing and gaining knowledge. Get accurate and detailed answers to your questions from our knowledgeable and dedicated community members.
Sagot :
Pure monopolists obtain economic profits in the long run because 'barriers to entry keep other companies from entering the market'. Hence, option 'E' is the correct answer.
Pure monopolist refers to a type of entity in the economic market in which a single corporation handles the whole supply of goods and services. A pure monopolist determines all its terms, rules, conditions, and pricing. Pure monopolists have the advantage to obtain more profits in the long run of their businesses. It is because in a pure monopoly market there exist high barriers to entering into the market as it requires significant startup costs.
You can learn more about pure monopoly at
https://brainly.com/question/17145987
#SPJ4
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.