The reasons that costs differ between a purely competitive firm and a pure monopoly could include:

1. Access to different natural resources: A monopoly may have exclusive access to certain natural resources, which could lower their costs compared to a competitive firm that does not have the same access.

2. Monopoly-preserving expenditures: A monopoly may spend money to maintain its monopoly status, such as lobbying for regulations that hinder competitors. These expenditures could increase a monopoly's costs compared to a competitive firm.

3. Different skill levels of labor: If a monopoly employs more skilled (and therefore, more expensive) labor than a competitive firm, this could also lead to cost differences.

4. The "very long run" perspective: In the very long run, a monopoly may be able to reduce costs through economies of scale that are not available to competitive firms. However, this is not a guaranteed outcome and depends on the specific circumstances of the monopoly and the market in which it operates.

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The reasons that costs differ between a purely competitive firm and a pure monopoly could include:

1. Access to different natural resources: A monopoly may have exclusive access to certain natural resources, which could lower their costs compared to a competitive firm that does not have the same access.

2. Monopoly-preserving expenditures: A monopoly may spend money to maintain its monopoly status, such as lobbying for regulations that hinder competitors. These expenditures could increase a monopoly's costs compared to a competitive firm.

3. Different skill levels of labor: If a monopoly employs more skilled (and therefore, more expensive) labor than a competitive firm, this could also lead to cost differences.

4. The "very long run" perspective: In the very long run, a monopoly may be able to reduce costs through economies of scale that are not available to competitive firms. However, this is not a guaranteed outcome and depends on the specific circumstances of the monopoly and the market in which it operates.

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The reasons that costs differ between a purely competitive firm and a pure monopoly could include:

1. Access to different natural resources: A monopoly may have exclusive access to certain natural resources, which could lower their costs compared to a competitive firm that does not have the same access.

2. Monopoly-preserving expenditures: A monopoly may spend money to maintain its monopoly status, such as lobbying for regulations that hinder competitors. These expenditures could increase a monopoly's costs compared to a competitive firm.

3. Different skill levels of labor: If a monopoly employs more skilled (and therefore, more expensive) labor than a competitive firm, this could also lead to cost differences.

4. The "very long run" perspective: In the very long run, a monopoly may be able to reduce costs through economies of scale that are not available to competitive firms. However, this is not a guaranteed outcome and depends on the specific circumstances of the monopoly and the market in which it operates.

Multiple Select QuestionSelect all that applyWhich are reasons that costs differ between a purely competitive firm and a pure monopoly?Multiple select question.Access to different natural resourcesMonopoly-preserving expendituresDifferent skill levels of laborThe "very long run" perspective

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