-Which of the Following Is a TRUE Statement About a Monopoly

question 155

Multiple Choice

-Which of the following is a TRUE statement about a monopoly?

• A) A monopoly does not necessarily earn positive economic profits.
• B) A monopoly must earn an above-normal profit to stay in business.
• C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits.
• D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.

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Definitions:

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A type of cancer that originates in the lungs, often associated with smoking and exposure to pollutants.