MCQOPTIONS
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| 1. |
A monopoly is able to continue to generate economic profits in the long run because ? |
| A. | there is some barrier to entry to that market |
| B. | Potential competitors sometimes don’t notice the the profits |
| C. | the monopolist is financially powerful. |
| D. | antitrust laws eliminate competitors for a specified number of years. |
| E. | of all of the things described in these answers |
| Answer» B. Potential competitors sometimes don’t notice the the profits | |