Which of the Following Statements Is True

question 416

Multiple Choice

Which of the following statements is true?

• A) All monopolists are perfect price discriminators.
• B) All monopolists earn short-run economic profits.
• C) A monopolist will leave the market if it incurs an economic loss in the long run.
• D) A monopolist does not need barriers to entry to sustain a long-run economic profit.

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Definitions:

Water Molecule

A compound made up of two hydrogen atoms bonded to one oxygen atom, forming the chemical formula H2O, essential for all known forms of life.

Denaturation

A process in which proteins or nucleic acids lose their native structure and function due to external stress or compounds.

Protein

Large, complex molecules made up of amino acids that play many critical roles in the body, including providing structure to cells and facilitating biological reactions.

Irreversible Change

A permanent alteration of a substance or system from which recovery or return to the original condition is impossible under normal conditions.