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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    A Monopoly's Economic Profit Is Protected by the Lack of Entry
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A Monopoly's Economic Profit Is Protected by the Lack of Entry

Question 12

Question 12

True/False

A monopoly's economic profit is protected by the lack of entry of new firms even in the long run.

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