n 0/1 point Imperfectly competitive markets have high barriers to entry and to exit. This means that X they will earn zero economic prots in the long run. Selected Answer - Incorrect C] they may suffer economic losses in the long run. [3 they may earn economic prots in the long run. C] they will earn zero economic prots in the short run. 0/ 1 point Suppose you are the elected ofcial in charge of regulating a natural monopoly (for example, the water utility). Because of extremely high xed costs, average total costs always fall for this rm. This means that (select all that apply): x v marginal costs constantly rise. Selected Answer Incorrect \\/ if the rm sets MR = MC, it will maximize prots (or minimize losses). C] if the rm sets P = MC, it will suffer losses. C] marginal costs are always below average total cost