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Figure 11-7 -It Is Not True in the Long Run of Monopolies

Question 77

Multiple Choice

Figure 11-7 Figure 11-7 -It is not true in the long run of monopolies that A) other firms seeking positive economic profit enter the market. B) they earn positive economic profit. C) they sell their output at a price greater than marginal cost. D) they benefit from barriers to entry.
-It is not true in the long run of monopolies that


A) other firms seeking positive economic profit enter the market.
B) they earn positive economic profit.
C) they sell their output at a price greater than marginal cost.
D) they benefit from barriers to entry.

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