Question: n what respect does a monopoly differ from perfect competition? a. A monopolist's price is greater than marginal cost .b. There are NO barriers to

n what respect does a monopoly differ from perfect competition?

a. A monopolist's price is greater than marginal cost

.b. There are NO barriers to entry into a monopoly industry.

c. A monopolist earns an economic profit only if its price is greater than ATC.

d. A monopolist CANNOT suffer an economic loss in the short run.

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