Business
Business, 14.08.2021 01:20, smithsa10630

a. exists when a single seller experiences lower average total costs than any potential competitor. b. exists when many sellers experience lower average total costs than potential competitors do. c. is an example of a government-created barrier. d. exists when a firm has sole ownership of a natural resource. e. is needed to make a profit in the long run.

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a. exists when a single seller experiences lower average total costs than any potential competitor....

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