Which of the Following Is True for a Pure Monopolist

question 162

Multiple Choice

Which of the following is true for a pure monopolist?

• A) The firm has a perfectly elastic demand curve.
• B) The firm will always earn an economic profit.
• C) The demand curve is above the marginal revenue curve.
• D) None of these is true.

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Definitions:

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or injury regardless of fault or intent.

Radioactive Waste

Dangerous by-products of nuclear reactors, nuclear weapon production, and other processes involving radioactive materials, requiring special handling and disposal to protect human health and the environment.

Nuclear Waste

Radioactive materials remaining after they have been used in generating nuclear energy or other applications of nuclear technology.

Criminal Intruder

An individual who unlawfully enters a space with the intent to commit a criminal offense.