Monopolist to continue earning economic profits

Reference no: EM13696614

Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long run?

1. A total revenue that is lower than fixed cost for all levels of output

2. Loss of patent protection

3. A price below average variable cost for all levels of output

4. Loss of control over basic input

5. Significant barriers to entry

Reference no: EM13696614

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