Which of the Following Statements Is Not Correct About Monopoly

question 115

Multiple Choice

Which of the following statements is not correct about monopoly?

• A)A monopolist generally faces a downward sloping demand curve.
• B)Monopolists always make positive profits in the long-run.
• C)A monopoly may make negative profits in the short-run.
• D)There is no close substitute for a monopoly's product.

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