Which of the Following Is Not a Difference Between Monopolies

question 147

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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Definitions:

Collagenous Fibers

Strong, flexible fibers made of collagen that are a major component of connective tissue in the body.

Ligaments

Strong, fibrous tissues that connect bones to other bones, providing stability and support in joints.

Superficial Portion

The part of a structure or organ that is closest to the surface of the body.

Pseudostratified Columnar

A type of epithelial tissue with cells of varying heights that appear stratified but each cell touches the basal lamina.