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Author Question: Relative to a competitively organised industry, a monopoly (Read 24 times)

stephzh

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on: May 25, 2020
Relative to a competitively organised industry, a monopoly
◦ produces less output, charges higher prices and may earn supernormal profit in the long run.
◦ produces less output, charges lower prices and may earn supernormal profit in the long run.
◦ produces less output, charges lower prices and earns only a normal profit in the long run.
◦ produces more output, charges higher prices and may earn supernormal profit in the long run.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by stephzh on May 25, 2020

milbourne11

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stephzh

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

vickybb89

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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