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Because monopolists are protected by high barriers to entry, they: O seek economic profit; however, they are not able to earn it in the long

Because monopolists are protected by high barriers to entry, they: O seek economic profit; however, they are not able to earn it in the long run. O will price their product at the highest possible price. O will not minimize the per-unit cost of producing their output. O may be able to earn long-run economic profits

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