question archive A firm typically achieves its position as a monopolist as a result of: a

A firm typically achieves its position as a monopolist as a result of: a

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A firm typically achieves its position as a monopolist as a result of:

a. A downward sloping demand for the product,

b. A small market and a constant average cost,

c. The absence of long-run profits in an industry,

d. Barriers to entry.

Option 1

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Option 2

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