Single-price monopoly or perfect competition

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Reference no: EM13801729

Here are lots of differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items below according to whether they are associated with a single-price monopoly or perfect competition.

- price is higher than in other market structures

- an efficient quantity produced

- there are significant barriers to entry

- firms have no market power

- firms can earn positive economic profit in the long run

Reference no: EM13801729

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