Business, 28.11.2019 05:31 leannehounschell
Which of the following is a characteristic of a monopoly but not a characteristic of a perfectly competitive market?
a) a monopoly is a price-taker.
b) a monopoly produces an efficient level of output
c) a monopoly may earn long-run economic profits.
d) a monopoly has no market power.
Answers: 1
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Which of the following is a characteristic of a monopoly but not a characteristic of a perfectly com...
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