Wha kind of pfofit does the monopoly make in the long run?
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Monopolies can maintain super-normalprofits in the long run. As with all firms,profits are maximised when MC = MR. In general, the level of profit depends upon the degree of competition in the market, which for a pure monopoly is zero. Atprofit maximisation, MC = MR, and output is Q and price P.
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