Which of the Following Statements About the Differences Between Monopoly

question 120

Multiple Choice

Which of the following statements about the differences between monopoly and perfect competition is incorrect?

• A)A monopolist has market power, while a perfect competitor does not.
• B)Unlike a perfectly competitive firm, a monopoly can make positive economic profits in the long run.
• C)A monopoly will charge a higher price and produce a smaller quantity than a competitive market with the same demand and cost structure.
• D)Monopoly profits can continue to exist in the long run because the monopoly produces more and charges a higher price than a comparable perfectly competitive industry.

---

Definitions:

Social Media Presence

The visibility and engagement that an individual or organization maintains on social media platforms, often critical for marketing, brand recognition, and interaction with audiences.

Traditional

Refers to practices, methods, or items that are long-established and not modern or related to digital advancements.

Social Media

Platforms that enable users to create and share content or participate in social networking.

Informal Conversations

Casual exchanges between individuals that are not structured or formal, often used for sharing ideas or socializing.