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A monopolist is said to have market power because: a. It faces an upward-sloping marginal cost curve b. It faces a downward-sloping demand curve c.

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A monopolist is said to have market power because: a. It faces an upward-sloping marginal cost curve b. It faces a downward-sloping demand curve c. It always earns positive profit both in the short run and the long run d. It charges a fix price for its products e. It faces a high marginal cost of production

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