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Economics
MEDIUM
ENGLISH
Economics
A monopoly is able to continue to generate economic profits in the long run because ?
there is some barrier to entry to that market
Correct answer
B
Potential competitors sometimes don’t notice the the profits.
Option B
C
the monopolist is financially powerful.
Option C
D
antitrust laws eliminate competitors for a specified number of years.
Option D
Correct answer: A
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