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When a monopoly operates in a contestable market Multiple Choice it is able to form a cartel with the other large firms and charge prices
When a monopoly operates in a contestable market Multiple Choice it is able to form a cartel with the other large firms and charge prices considerably above cost. it is unable to charge a price above cost without inducing entry by a rival firm. it charges the same price as an ordinary monopoly. the monopolist will welcome contesting firms
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
