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Economics

Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long run?

1. A total revenue that is lower than fixed cost for all levels of output

2. Loss of patent protection

3. A price below average variable cost for all levels of output

4. Loss of control over basic input

5. Significant barriers to entry

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236052

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