A monopoly industry:A. has very significant barriers to entry. B. faces a downward sloping demand curve. C. produces a product for which there are no close substitutes. D. may earn economic profits or losses in the short run. E. has all of the above characteristics.
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Home » Business » A monopoly industry:A. has very significant barriers to entry. B. faces a downward sloping demand curve. C. produces a product for which there are no close substitutes. D. may earn economic profits or losses in the short run. E.