Answer Happy

The graph illustrates a monopoly with constant marginal cost and zero fixed cost. Use the graph to show the profits and deadweight loss (DWL) for this firm. Assume that potential competitors to the monopoly face prohibitive barriers to entry. Price (5) 18 SARKARNES 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 -1 2 MC D MR 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity Profits DWL
These profits are economic. O accounting. O economic and accounting, which are the same for monopolies. In the long run, economic profits for this monopoly will be O positive. O increasing. O negative. O zero.