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In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to

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Question:

In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to

A.

Price discrimination

B.

Cost effectiveness

C.

Banned entry of new firms

D.

Sales promotion

Answer» c. Banned entry of new firms

Note: The above multiple-choice question is for all general and Competitive Exams in India.