contestada

A(n) ______ is able to maintain an economic profit in the long run because there are no new entrants to increase supply, drive down price, and eliminate economic profit.

Respuesta :

A pure monopolist  is able to maintain an economic profit in the long run because there are no new entrants to increase supply, drive down price, and eliminate economic profit.

Who is a pure monopolist?

This is the structure of the market that is known to exist where there is a single producer in the market.

The monopolist is known to be the pace setter and he has a huge control of the market since he is the sole producer.

The pure monopolist is known to enjoy abnormal profit in the market given that he is the only company that produces the product.

Read more on monopoly here: https://brainly.com/question/13276400

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