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    Economics Principles and Policy Study Set 2
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    Exam 12: Monopoly
  5. Question
    It Is Possible to Distinguish a Monopoly from Perfect Competition
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It Is Possible to Distinguish a Monopoly from Perfect Competition

Question 226

Question 226

True/False

It is possible to distinguish a monopoly from perfect competition by noting that only competitive firms can earn economic profits in the short run.

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