A monopoly is able to continue to generate economic profits in the long run because?
Aof all of the things described in these answers
Bthe monopolist is financially powerful.
Cthere is some barrier to entry to that market
DPotential competitors sometimes don’t notice the the profits.
Eantitrust laws eliminate competitors for a specified number of years.
Correct answer
C. there is some barrier to entry to that market
Explanation
The correct answer is there is some barrier to entry to that market.