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.

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