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Homework answers / question archive / Which of the following is a characteristic of a monopoly market? A

Which of the following is a characteristic of a monopoly market? A

Marketing

Which of the following is a characteristic of a monopoly market?

A. Firms produce a homogeneous product.

B. Barriers to entry exist.

C. Firms are price-taking profit maximizers.

D. Dead-weight loss is eliminated through entry of competing firms in the long run.

E. In the long run the firm earns normal profits.

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