Business, 11.12.2019 02:31 BabyG1353

Economists have developed broad and narrow definitions to identify monopolies. what is a characteristic that supports a firm being classified as a monopoly? economists could find that a firm is a monopoly if

a. it achieves allocativeallocative efficiency.
b. it produces a smallsmall quantity.
c. it earns profits in the long run.
d. its production decisions are unresponsive to price.
e. it is a price taker.

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Economists have developed broad and narrow definitions to identify monopolies. what is a characteris...