This monopolistA) is in the short run.B) is in the long run.C) may be in the short run or the long run.

Question

Oscar Garcia · Accepted Answer

Final Answer : C, Explanation :  A monopolist can operate in either the short run or the long run, as the distinction between short run and long run depends on the ability to change all inputs and operational scale, not on the market structure.

This monopolist

A) is in the short run.
B) is in the long run.
C) may be in the short run or the long run.

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Learning Objectives

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