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.

---

Definitions:

Cost Of Goods Sold

An accounting term representing the direct expenses related to the production of goods sold by a company, including material and labor costs.

Inventory

The total amount of goods or materials a business has in stock at any given time, used for production or sales.

Accounting Information

It refers to financial data about a business or individual's economic activities, used to make economic decisions.

Liquidity

The measure of how easily assets can be converted into cash without significant loss in value.