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Consider the following characteristics:
A.a market structure with barriers to entry
B.demand curves that are easily identified
C.firm cannot make zero profits in the long run
D.firm can reap long-run profits.
Which of the characteristics in the list above is shared by an oligopolist and a monopolist?
Procedural Injustice
The perception that the processes leading to outcomes are unfair.
Taxation
The process by which a government imposes charges on citizens or residents to generate revenue for public expenses and services.
Representation
The act of speaking or acting on behalf of someone or the depiction of someone or something in a particular manner.
Procedural Justice
The fairness in the processes that resolve disputes and allocate resources.
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