Question: a. Explain three good features of monopoly. b. What does barriers to entry mean? What are the three types of barriers? ive an example of

a. Explain three good features of monopoly. b. What does "barriers to entry" mean? What are the three types of barriers? ive an example of each. c. What does "deadweight loss" mean? d. A monopolist would never produce in the price range at which demand is inelastic. Why not? e. In terms of both total and average/marginal, what is the profit-maximizing output for a monopolist

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