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Sam Edison Obtains a Patent on His New Invention: Trinoculars

Question 201

Multiple Choice

Sam Edison obtains a patent on his new invention: trinoculars.In the long run,


A) he can earn only a normal profit
B) he may suffer an economic loss and stop producing
C) his monopoly power guarantees him a positive economic profit
D) he will achieve productive efficiency
E) he will achieve allocative efficiency

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