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If the monopolist incurs losses in the short run, then in the long run

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Question:

If the monopolist incurs losses in the short run, then in the long run

A.

the monopolist will go out of business

B.

the monopolist will stay in business

C.

the monopolist will break even

D.

any of the above is possible.

Answer» d. any of the above is possible.

Note: The above multiple-choice question is for all general and Competitive Exams in India.