Which of the Following Is NOT a Difference Between Monopolies

question 169

Multiple Choice

Which of the following is NOT a difference between monopolies and perfectly competitive markets?

• A) Monopolies can earn profits in the long run while perfectly competitive firms break even.
• B) Monopolies charge a price higher than marginal cost while perfectly competitive firms charge a price equal to marginal cost.
• C) Monopolies choose to produce the quantity at which marginal revenue equals marginal cost while perfectly competitive firms do not.
• D) Monopolies face downward sloping demand curves while perfectly competitive firms face horizontal demand curves.

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