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A health-care firm is looking to expand to international markets in an effort to increase profits. One potential location has only a few competing health-care

A health-care firm is looking to expand to international markets in an effort to increase profits. One potential location has only a few competing health-care providers, each holding a significant percentage of market share. Licensing requirements are high, but the firm may consider establishing a presence in the new location to enjoy _____.

  • the high prices that arise from monoplistic competition
  • the high prices that arise from perfect competition
  • the horizontal demand curves
  • the downward-sloping demand curves

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