CA Foundation doubt
Pure monopolist in the long run can make profit due to: a high selling price b advertising c low LAC cost d blocked entry
Asked by Bhumika12 Jun 2024252 views
6 answers
Bhumika · 12 Jun 2024
Can you pls explain how c is the ans
Prateek · 12 Jun 2024
C
Pavithra · 12 Jun 2024
Low LAC cost
Bhumika · 12 Jun 2024
Yes even i thought the same but in icai solution option c is the answer. Maybe that is wrong
Rama · 12 Jun 2024
Blocked entry because in monopoly there is a single firm and restricted entry
Muskan · 12 Jun 2024
Blocked entry
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