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.

Understand the elements of editing in the writing process.

Estimate the planning time required for a writing project.

Recognize common errors to look for during the proofreading phase.

Identify tools that aid in the efficiency of writing technical documents.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members, usually in the form of cash from its current or retained earnings.

Operating Activities

Transactions and events that affect the net income of a business, involving the primary revenue-producing activities of the entity.

Indirect Method

A method used in cash flow statement preparation that starts with net income and adjusts for changes in balance sheet accounts to arrive at cash provided by operating activities.

Cash Dividends

Earnings distributed by a company to its investors, usually representing a portion of profits.