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Author Question: In the long run, the main reason that a monopolist can earn positive economic profits while a ... (Read 89 times)

Deast7027

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In the long run, the main reason that a monopolist can earn positive economic profits while a perfectly competitive firm cannot is:
◦ monopolists enjoy greater economies of scale.
◦ there are no barriers to entry in a perfectly competitive market.
◦ perfectly competitive firms face greater opportunity costs.
◦ the monopolist faces an inelastic demand for its product.


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Marked as best answer by Deast7027 on Jul 20, 2019

Hikerman221

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