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In the Long Run,an Oligopolist Is Most Likely to

Question 28

Multiple Choice

In the long run,an oligopolist is most likely to


A) Experience economic profits when sufficient barriers to entry are present.
B) Experience zero economic profits because barriers to entry do not exist in the long run.
C) Produce at the most technically efficient output level due to long-run competition.
D) Face a straight demand curve.

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