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Note: 'Excessive' is not an objective term to use for economics analysis.
Monopoly profits usually represent a form of price mark-up, setting MC = MR and then vertically matching the maximum willingness-to-pay for that unit and all units before it on the demand curve. This is socially inefficient but privately optimal.
What else can I help you with?
Can a monopoly earn economic profits in the long run?
Yes
Can a monopoly earn economic profits in the short run?
yes it is
What factors contribute to the sustainability of monopoly profits in the long run?
Factors that contribute to the sustainability of monopoly profits in the long run include barriers to entry, economies of scale, control over scarce resources, and strong brand loyalty.
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.
What will excessive or economic profits induce for a firm in any industry structure?
This will cause a new entry into the market.
What does the booty in the cartoon king monopoly' represent?
Excess profits piling up from tariffs and business combinations.
What is the position of supernormal profits for a firm that is a monopoly?
true
Can a monopoly earn economic profits in the long run?
Yes
Can a monopoly earn economic profits in the short run?
yes it is
What is the main idea of king monopoly cartoon?
The King Monopoly is gaining all the profits from the laborers' hard work
How does a monopoly increases a corporations profits?
by eliminating competition to control prices
What factors contribute to the sustainability of monopoly profits in the long run?
Factors that contribute to the sustainability of monopoly profits in the long run include barriers to entry, economies of scale, control over scarce resources, and strong brand loyalty.
Profits represent ownership of shares of a company?
true
How can I maximize my profits by strategically selling properties in Monopoly?
To maximize profits in Monopoly, strategically sell properties by focusing on monopolies, upgrading properties with houses and hotels, and negotiating deals with other players. This can increase rent prices and create a strong income stream. Additionally, consider the value of properties in relation to their cost and potential for development. By carefully managing your properties and making strategic decisions, you can increase your profits in the game.
What will excessive or economic profits induce for a firm in any industry structure?
This will cause a new entry into the market.
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.
What is shared monopoly?
Shared or Joint monopoly refers to anticompetitive behaviour by firms, normally an oligopoly, in order to secure monopoly profits for the firms as a group. Essentially, shared monopoly requires some form of collusion but stops short of being a formal cartel. It is therefore similar to tacit collusion. In a shared monopoly firms may not compete for the same customers and have instead local monopolies.
