Which of the Following Statements Is True for a Monopolist

question 177

Multiple Choice

Which of the following statements is true for a monopolist?

• A) a monopolist will charge the highest price for which he can sell units of his product.
• B) unregulated monopolists can gain by producing their chosen output at a low cost.
• C) if a firm has a monopoly, it will always be able to earn economic profit.
• D) none of the above statements are true.

---

Definitions:

Credit Totals

The sum of all credit entries made in the accounting ledger, used in balancing the books.

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Account Group

A classification system used in accounting to organize and categorize financial transactions and balances.

Assets

Assets are resources owned or controlled by a business or individual that have economic value and can provide future benefits, including cash, property, and equipment.