Monopoly Profits Cannot Persist in the Long Run,because There Are

question 70

True/False

Monopoly profits cannot persist in the long run,because there are barriers to entry.

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Definitions:

Behavioral Perspective

A psychological approach that focuses on observable behaviors and the ways they're learned through interactions with the environment.

Reinforcements

In psychology, any event that strengthens or increases the behavior it follows.

Consequences

The results or effects of actions, which can influence future behavior, particularly in the realm of psychology and behaviorism.

Organism

A living individual biological entity capable of growing, reproducing, reacting to external stimuli, and, in many cases, moving.