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Loraine Loraine
wrote...
Posts: 4563
8 years ago
A monopoly is
A) a price taker.
B) able to ignore the demand for its product when setting its price.
C) able to set the price for its product.
D) able to earn only a normal profit in the long run.
E) a firm with no marginal revenue curve.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 251 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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wrote...
8 years ago
C
wrote...
8 years ago
My pleasure Happy Dummy
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