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If a monopolist in an industry characterized by monopoly features is making economic

If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, which of the following is true for this firm in the long run? (Assume that costs and demand are held constant) a. The monopolist will be able to sustain economic profits.
b. The monopolist will make normal profit because firms will enter the industry.
c. The monopolist will make normal profit because no firms will enter the industry.
d. The monopolist will make a loss.
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uzezi
uzezi
4,4(54 marks)

The monopolist will be able to sustain economic profits

Explanation:

If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, then the monopolist will be able to sustain economic profits.

The economic profit is gotten when the explicit cost and the opportunity costs are both deducted from the revenues generated by a business.

Since there is high barrier to entry and the monopoly is the only firm in the market, then the monopolist will be able to sustain economic profits.

cia196785920
cia196785920
4,5(2 marks)

A black hole is a region of spacetime where gravity is so strong that nothing—no particles or even electromagnetic radiation such as light—can escape from it.[1] The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole.[2][3]

The boundary of the region from which no escape is possible is called the event horizon. Although the event horizon has an enormous effect on the fate and circumstances of an object crossing it, according to general relativity it has no locally detectable features.[4] In many ways, a black hole acts like an ideal black body, as it reflects no light.[5][6] Moreover, quantum field theory in curved spacetime predicts that event horizons emit Hawking radiation, with the same spectrum as a black body of a temperature inversely proportional to its mass. This temperature is on the order of billionths of a kelvin for black holes of stellar mass, making it essentially impossible to observe directly.

Objects whose gravitational fields are too strong for light to escape were first considered in the 18th century by John Michell and Pierre-Simon Laplace.[7] The first modern solution of general relativity that would characterize a black hole was found by Karl Schwarzschild in 1916, although its interpretation as a region of space from which nothing can escape was first published by David Finkelstein in 1958. Black holes were long considered a mathematical curiosity; it was not until the 1960s that theoreti

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