These types of monopolies are often short-lived. It is challenging to maintain a technological advantage in the long-run since your competitors will have time to invest in improving their technology. For example, Apple's iPad accounts for 70% to 80% of tablet sales in North America in recent...
In short, the government can provide financial support via subsidies to new entrants to ensure the competitive environment is more equitable. As with most regulatory approaches, none of these are perfect solutions and consolidation within industries conducive to a natural monopoly will continue to ...
Explain why a perfectly competitive firm earns profit in the short run but not in the long run compared to a monopoly that earns profit both in the short and long run. Is the monopoly price always higher than the perfect competition market price?
Because the marginal revenue curve for a monopolist lies below its demand curve, the profit maximizing price of the monopolist will be above marginal cost.True or false true. 我們有專家為這個問題所編寫的解答! In the short run, firms earning a profit will want to ___ their profits while fir...