If there are barriers to entry into a market, it is possible for the e

If there are barriers to entry into a market, it is possible for the existing firm(s) to earn positive economic profits. All of the following explain this except:

A) new firms cannot enter to take advantage of the profits.
B) resource immobility.
C) it is possible for a firm in this situation to charge any price it wants and thus preclude anyone else from entering.
D) competition does not erode profits the way it would under perfect competition.

ANSWER

C