3 The oligopolist makes .... profit in the long run A economic B normal C no

May 4, 2026Business/Management

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May 4, 2026

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\text{A. economic

1.1.3: The oligopolist makes... profit in the long run. An oligopoly is a market structure characterized by a few large firms, significant barriers to entry, and interdependence among firms. Due to these high barriers to entry, new firms cannot easily enter the market to compete away profits. This allows existing oligopolistic firms to earn economic profit in the long run.

The correct option is A. $\boxed{A. economic}$

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1.1.3: The oligopolist makes... profit in the long run.

Asked on May 4, 2026Business/Management

This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI AnswerAnswered on May 4, 2026

1.1.3: The oligopolist makes... profit in the long run. An oligopoly is a market structure characterized by a few large firms, significant barriers to entry, and interdependence among firms. Due to these high barriers to entry, new firms cannot easily enter the market to compete away profits. This allows existing oligopolistic firms to earn economic profit in the long run. The correct option is A. A. economic Last free one today — make it count tomorrow, or type /upgrade for unlimited.