Which of the Following Statements About a Monopoly Is FALSE

question 3

Multiple Choice

Which of the following statements about a monopoly is FALSE?

• A) The good produced by a monopoly has no close substitutes.
• B) Monopolies have no barriers to entry or exit.
• C) A monopoly is the only producer of the good.
• D) None of the above; that is, all of the above answers are true statements about a monopoly.

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