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Which of the following is true of monopolists? Group of answer choices A monopolist's cost curves are fundamentally different from those of a competitive firm.
Which of the following is true of monopolists?
Group of answer choices
A monopolist's cost curves are fundamentally different from those of a competitive firm.
They are "price takers."
To maintain their monopoly, there must be barriers to entry into the market.
They produce a level of output where marginal cost exceeds marginal revenue.
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