Which of the Following Is Most Likely to Be True

Multiple Choice

Which of the following is most likely to be true of a monopoly in long-run equilibrium if it enjoys a patent and earns economic profit in the short run?

A) It will earn only a normal profit in the long run.
B) It will suffer an economic loss and stop producing in the long run.
C) It will earn a positive economic profit in the long run.
D) It will achieve productive efficiency in the long run.
E) It will achieve allocative efficiency in the long run.