Which of the Following Is NOT a Characteristic of a Monopoly

question 29

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?

• A) A monopolist faces a downward-sloping demand curve.
• B) There are no close substitutes for a monopolist's product.
• C) After the first unit, the monopolist's marginal revenue is always less than its price.
• D) A monopolist is a price taker.

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