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Unlike Perfectly Competitive Firms, Monopolists Can

Question 180

Multiple Choice

Unlike perfectly competitive firms, monopolists can


A) earn positive short-run economic profit even if price is less than average variable cost at all rates of output
B) sell any quantity of output at any price they choose
C) earn long-run economic profits
D) reduce the sales of other firms in the industry through advertising
E) face a perfectly elastic demand curve

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