A monopolist:
a. can raise its price without losing any sales because it is the only supplier in the market.
b. can earn a greater than normal rate of return in the long run.
c. always charges a price that is higher than marginal revenue.
d. both a and b e. both b and c
Answers: 3
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A monopolist:
a. can raise its price without losing any sales because it is the only supplier in th...
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