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Title: Why can a monopoly make an economic profit in the long run? Post by: Loraine on Jun 21, 2015 Why can a monopoly make an economic profit in the long run?
A) because there are close substitutes for the firm's product B) because the firm is protected by barriers to entry C) because the firm produces where MR=MC D) because P > MR E) ALL of the above are reasons why a monopoly can make an economic profit in the long run. Title: Re: Why can a monopoly make an economic profit in the long run? Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Why can a monopoly make an economic profit in the long run? Post by: Smoooth on Aug 31, 2015 No problemo :-]
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