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Business, 23.12.2019 19:31 kaykayhodge

Which is a likely consequence of having a pure (unregulated) monopoly in a market: a. it makes the monopoly firm strive to attain productive efficiency and reduce their inefficient practices (x-inefficiencies). b. it promotes entry of new firms since this is welcomed rather than resisted by the existing monopoly firm. c. it stops the process of dynamic efficiency (reduces technological advances that would lower per unit production costs). d. it results in restricted output, less output than what would occur with competition in the market.

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