Which of the Following Statements Concerning Monopoly Is NOT True

question 4

Multiple Choice

Which of the following statements concerning monopoly is NOT true?

• A) A market may be monopolistic because there are some legal barriers.
• B) A monopoly has market power.
• C) A monopoly is always undesirable.
• D) There is some deadweight loss in a monopolistic market.

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Definitions:

Highly Aware

The state of being exceptionally conscious or cognizant of one's surroundings, information, or changes.

Attentive

The quality of being alert and paying close attention to details, showing consideration for the needs and feelings of others.

Present

Pertaining to the current time or moment; being in the place under consideration.

Future

The time or period that comes after the present, which has yet to occur and is unknown or uncertain.