Which of the Following Statements Is Not Correct

question 102

Multiple Choice

Which of the following statements is not correct?

• A)A monopolist's ability to act as a price setter guarantees economic profits in the short run.
• B)The monopolist's marginal revenue is less than the price for any output greater than one.
• C)A monopolist's demand curve is the same as the market demand curve for the product.
• D)In the long run,a monopolist will experience only positive or zero economic profits.

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