A large privately owned firm is the only provider of electricity in a city. Which pair of characteristics is likely to apply to this firm?
- Abarriers to entry: high, long-run profit: high, pricing decision: price maker
- Bbarriers to entry: high, long-run profit: low, pricing decision: price taker
- Cbarriers to entry: low, long-run profit: high, pricing decision: price maker
- Dbarriers to entry: low, long-run profit: low, pricing decision: price taker