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Under limit pricing, the incumbent earns profits that are Multiple choice question. lower than those earned with an entrant and those in an uncontested monopoly.

Under limit pricing, the incumbent earns profits that are Multiple choice question. lower than those earned with an entrant and those in an uncontested monopoly. higher than those earned with an entrant and those in an uncontested monopoly. higher than those earned with an entrant, but lower than those in an uncontested monopoly. lower than those earned with an entrant, but higher than those in an uncontested monopoly

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