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Long-term economic profit are possible in the monopoly and

a- Long-term economic profit are possible in the Monopoly and Oligopoly market structures due to barriers of entry. List two examples of different types of barriers:

b- Monopolies are economically inefficient. List the consequences of this inefficiency as far as market price and quantity are concern:

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Finance Basics: Long-term economic profit are possible in the monopoly and

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