We have seen that a price-searcher can maintain positive


We have seen that a price-searcher can maintain positive economic profits in the long run only if there are high barriers to entry. Some of these barriers are technological or structural, but most monopolies have government protection. Examine the pros and cons of seeking government protection from competition. Specifically, if you were the CEO of a price-searching firm earning temporary positive economic profits, would you seek government support for blocking entry into your market? Why or why not?

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Business Economics: We have seen that a price-searcher can maintain positive
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