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sinerus sinerus
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6 years ago
In the long run, the main reason that a monopolist can earn positive economic profits while a perfectly competitive firm cannot is
A) the monopolist faces an inelastic demand for its product.
B) perfectly competitive firms face greater opportunity costs.
C) monopolists enjoy greater economies of scale.
D) there are no barriers to entry in a perfectly competitive market.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Lightman030Lightman030
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6 years ago
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