Which Statement About Monopolies Is NOT Correct

question 248

Multiple Choice

Which statement about monopolies is NOT correct?

• A) In the short run, monopolies can suffer losses.
• B) In the short run, monopolies never shut down.
• C) In the long run, monopolies must at least earn normal profit.
• D) In the long run, if losses persist, monopolies will exit the industry.

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Definitions:

Metaparadigm

A fundamental group of ideas that serve as a framework for theoretical models, particularly in fields such as nursing and philosophy.

Main Concept

The central or most important idea in a discussion, argument, or piece of writing.

Human Beings

are members of the species Homo sapiens; considered the most advanced species on earth, characterized by their use of language and complex social structures.

Spiritual and Emotional Setting

A framework within healthcare that addresses and supports the spiritual and emotional aspects of a patient's care and recovery.