Why are long run profits more likely to occur under a monopoly and not in perfec

Question

Why are long run profits more likely to occur under a monopoly and not in perfect competition? Please explain.
If a a monopolist firm is producing output level where they’re maximizing at zero profit what will happen in the long run? Explain. Why are long run profits more likely to occur under a monopoly and not in perfect competition? Please explain.
If a a monopolist firm is producing output level where they’re maximizing at zero profit what will happen in the long run? Explain.
If a a monopolist firm is producing output level where they’re maximizing at zero profit what will happen in the long run? Explain.

Explanation / Answer

Long in economics, the term refers to a time period where it allows firms change their scale of productions, plant size technological progress in the production in the market.

In long run under monopoly market firm enjoys supper normal profits because new entry into the industry is wiped out, on the other hand under perfect competition firms enjoys supper normal profit in short run, not in long run long run long run entry of new firm in the industries results in normal profit.

Zero profit refers to a situation where firm enjoying normal profit where the price of the goods is sufficient to cover the losses in the case of monopoly market long run he enjoys supernormal profit because of the absence of competitions.

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