Which of the Following Is True for a Monopoly

question 103

Multiple Choice

Which of the following is true for a monopoly?

• A) A monopoly always makes a positive profit.
• B) A price ceiling on a monopoly is always desirable.
• C) Price does not equal marginal cost.
• D) A price ceiling on a monopoly is always desirable and price does not equal marginal cost.

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Definitions:

Rejection

The act of dismissing or refusing a proposal, idea, or individual, often leading to feelings of exclusion or inadequacy.

Permanent Banishment

The act of expelling someone from a community, country, or organization forever, without the possibility of return.

Cooperation

The process of working together to the same end or engaging in an activity for mutual benefit.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underemphasizing the role and power of situational influences.