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.

---

Definitions:

Paleolithic

Referring to the earliest period of the Stone Age, characterized by the use of primitive stone tools and hunting and gathering as a way of life.

Food Scarcity

A condition in which there is not enough food to satisfy the dietary requirements of the population, resulting in widespread hunger and malnourishment.

Mesolithic Transition

The period between the Paleolithic and Neolithic times, characterized by the development of new stone tool technologies and adaptations to changing environments and ways of life.

Southeast Asia

A geographical region located to the east of the Indian subcontinent and south of China, known for its diverse cultures, languages, and histories.