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To be able to engage in profit-maximizing price searching, a monopoly firm must be able to: a

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To be able to engage in profit-maximizing price searching, a monopoly firm must be able to:

a. Prevent the entry of other firms into the market for its product,

b. Induce the entry of other firms into the market for its product,

c. Avoid earning negative economic profits in the short run,

d. Always earn zero economic profits.