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Why may the long-run supply be upward-sloping? (2)
What is a 'Marginal Firm'?
In the long-run...
Give an example of a firm that is a 'price maker'
What are the characteristics of a 'monopoly firm'? (2)
Why are the barriers to entry so high for monopolistic firms? (3)
What are the three main differences between monopoly verses competition?
A monopoly increasing sales has two effects on total revenue (TR)...
At what point does a monopoly maximise it's profit?
