Suppose that Southern Cable Company is a monopolist in the market for cubic TV s

Question

Suppose that Southern Cable Company is a monopolist in the market for cubic TV services in the rural town of Smithiburg, Virginia. If the market wage rate of the technicians it employees increases ceteris paribus, then this firm will: The differences between a monopolistic firm and a perfectly competitive firm include all of the following except: In the long-run, monopolists may earn economic profits but firms in a competitive market do not. Which of the following best explains why? Of the following, which could most easily practice price discrimination?

Explanation / Answer

charge a lower price and make the same profit marginal cost is upward sloping for the monopolist and horizontaal for the perfectly competitive firm these are entry barriers that keep firms from entering the monopolist's market a book publisher

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