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1. Is there a presence of economic profit for Microsoft (Monopoly)? Long run- Short run- 2. Is there a...

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Economics

1. Is there a presence of economic profit for Microsoft(Monopoly)?

Long run-

Short run-

2. Is there a presence of economic profits for Netflix(oligopoly)?

Long run-

short run-

3. Is there a presence of economic profits for Mcdonalds (Monopolistic Competition)?

Long run-

Short run-  

Answer & Explanation Solved by verified expert
3.5 Ratings (482 Votes)
Ans Economic profit is present in short run in all the types of market structures including monopoly oligopoly and monopolistic competion But economic profit in long run depends on the fact that whether the market allows free entry of firms or not    See Answer
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