Business, 19.03.2021 01:00 aroland1990x

A monopoly firm is different from a competitive firm in that: Question 8 options: there are many substitutes for the monopolist's product, whereas there are no close substitutes for the competitive firm's product. the monopolist may earn positive economic profits in the long run, whereas the competitive firm never earns positive economic profits in the long run. the monopolist is a price-taker, whereas the competitive firm is a price-maker. the monopolist's demand curve is perfectly inelastic, whereas the competitive firm's demand curve is perfectly elastic.

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A monopoly firm is different from a competitive firm in that: Question 8 options: there are many sub...

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