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Business, 26.07.2019 02:30 woodfordmaliky

Which of the following is true of monopoly but not true of perfect competition? a. firms can potentially earn economic profits in the short run. b. total revenue is the product of price times the quantity sold. c. firms can potentially earn economic profits in the long run. d. a profit-maximizing firm will shut down if price falls below the average variable cost.

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Which of the following is true of monopoly but not true of perfect competition? a. firms can potenti...
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