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Which of the following is INCORRECT regarding monopoly and profits? Select one .a. Numerous monopolies have gone bankrupt .b. The mere existence of a monopoly

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Which of the following is INCORRECT regarding monopoly and profits? Select one .a. Numerous monopolies have gone bankrupt .b. The mere existence of a monopoly does not guarantee high profits .c. The monopolist reaches profit-maximizing output by trial and error .d. A monopolist will never experience economic losses

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