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Economic p rofits of a monopoly are driven to zero a. In the long run because the assets eventually move from low to high valued
Economic p rofits of a monopoly are driven to zero
a. In the long run because the assets eventually move from low to high valued use
b. In the long run because the demand curve becomes more inelastic
c. In the short run because the demand curve becomes more elastic
d. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly
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