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Why are monopolies dynamically efficient?

Monopolies generate economic profit and are therefore better able to invest in research & development which may improve their productive effiency, making them more dynamically efficient over time. 

Zaynah A. A Level Economics tutor, GCSE Economics tutor, A Level Psyc...

5 months ago

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Georgia C.

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Zaynah A.

Degree: Economics (Bachelors) - Birmingham University

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“Hi, I’m Zaynah and I’m a first year Economist at the University of Birmingham. Economics can seem daunting and complicated at first but I’ve found that once a student understands the core principles of the subject, everything else fall...”

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