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IMG_0003_NEW_0004 - oEntry is blocked even in long run...

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IWonopoly assumptions oOneseller (may be many buyers). oNo close substitutes exist. oPerfect knorivledge of prices and guantities for both buyers and seller.
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Unformatted text preview: oEntry is blocked, even in long run. . Gov't francNse or patent . Economies of scale . Highsunkcosts...
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