Respuesta :
The monopoly can make positive economic profit in the long run because barriers to entry prevent other firms from entering the market and sharing the profit.
What is monopoly?
In economics, monopoly is defined as a single firm in the market that produces and sells a unique or new product to their target customers and the market firm enjoys the power of price developer and market controller.
Here we need to find the missing term in the given statement "monopoly can make positive economic profit in the long run because __________".
As per the definition of monopoly, we know that the existence of high barriers to entry prevents firms from entering the market even in the long‐run.
So, it is possible for the monopolist to avoid competition and continue making positive economic profits in the long‐run.
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