Which of the Following Is True for a Firm That

question 63

Multiple Choice

Which of the following is true for a firm that is a monopolist?

• A) the firm will make an economic profit in the short run.
• B) the firm will produce a smaller quantity of output than what would be best from the viewpoint of ideal economic efficiency.
• C) the additional revenue that can be generated from an increase in output will exceed the firm's price.
• D) the firm can charge whatever it wants for its product since consumers have no alternatives.

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