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question archive A monopoly firm may earn positive economic profits in the long run because: a

A monopoly firm may earn positive economic profits in the long run because: a

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A monopoly firm may earn positive economic profits in the long run because:

a. it produces a homogeneous product.

b. it is the only firm that wishes to produce the product.

c. of high barriers to entry.

d. a and c

e. all of the above

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