1) Are monopolists guaranteed of making economic profits?. pleas explain.
2) Explain the long run equilibrium situation for a
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A market is a place where the buyers and the sellers interact with each other for the exchange of products and services. One of the markets is the monopoly market. In this market, the single seller offers discriminated prices or products to consumers with the motive of earning higher profits.
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Pleas : Explain the long run equilibrium situation for a
thank you
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