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What else can I help you with?
Can monopolies become oligopolies?
If you have a monopoly, why would you want an oligopoly? You make more profit alone.
Will a monopoly always produce at a profit-maximizing level of output?
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
Do monopolies always make profits?
Almost always. It is possible that a private firm could have a monopoly of some wholly unprofitable activity but it would probably discontinue it or else not exist for much longer. Unprofitable but necessary activities are often passed to some arm of government. For example, local government will often have a monopoly of fire-fighting services.
What are the features of a monopoly that enable it to make abnormal profit?
A monopoly can make abnormal profit due to its unique market position, characterized by a single seller dominating the supply of a particular product or service. This lack of competition allows the monopoly to set prices above marginal costs, maximizing its profit margins. Additionally, monopolies often benefit from barriers to entry, such as high startup costs or regulatory restrictions, which prevent other firms from entering the market and eroding their profit. As a result, monopolies can sustain higher prices and profits over time.
Why can a firm in monopolistic competition make an economic profit only in the short run?
A firm in monopolistic competition can make an economic profit only in the short run because in the long run, other firms can enter the market and offer similar products, increasing competition and driving down prices, which reduces the firm's ability to maintain high profits.
What are the financial objectives of a firm?
To make a profit.
What are the financial objectives of the firm?
To make a profit.
A firm that does not seek to make money is a what?
Not-for-profit organization
Can monopolies become oligopolies?
If you have a monopoly, why would you want an oligopoly? You make more profit alone.
Will a monopoly always produce at a profit-maximizing level of output?
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
Why a firm may develop a new product?
A firm would usually do that because it expects to sell the product, and make a profit.
Do monopolies always make profits?
Almost always. It is possible that a private firm could have a monopoly of some wholly unprofitable activity but it would probably discontinue it or else not exist for much longer. Unprofitable but necessary activities are often passed to some arm of government. For example, local government will often have a monopoly of fire-fighting services.
What are the features of a monopoly that enable it to make abnormal profit?
A monopoly can make abnormal profit due to its unique market position, characterized by a single seller dominating the supply of a particular product or service. This lack of competition allows the monopoly to set prices above marginal costs, maximizing its profit margins. Additionally, monopolies often benefit from barriers to entry, such as high startup costs or regulatory restrictions, which prevent other firms from entering the market and eroding their profit. As a result, monopolies can sustain higher prices and profits over time.
Why can a firm in monopolistic competition make an economic profit only in the short run?
A firm in monopolistic competition can make an economic profit only in the short run because in the long run, other firms can enter the market and offer similar products, increasing competition and driving down prices, which reduces the firm's ability to maintain high profits.
Why monopoly firms make supernormal profit in long run?
because , because , because , because , because, because, do it your self you lazy c**t
In what market structures is it possible for Firms to make positive profit in the long run?
Monopoly and Oligopoly are both the only firms that may make positive profit in the long run. Under LONG-RUN MARKET TENDENCY OF PRICE AND ATC: Monopoly P>ATC and Oligopoly P>ATC both will have postive profits, however it possible to turn to zero profits if there isn't capitalization of the profits or any rent-seeking activities or if the market is contestable. But moreover, the answer you're looking for is the above that bother Monopoly and Oligopoly will have positive profit in the long run.
How much of your profits does an investment firm usually take?
The amount an invetment firm takes varies depending on your investment and any deals you were able to make at the beginning. Sit with an investment firm and see what they will charge you if your investment makes a profit.
