Which of the Following Is Not Generally True About a Profit-Maximizing

question 66

Multiple Choice

Which of the following is not generally true about a profit-maximizing monopolist?

• A) The monopolist faces a perfectly elastic demand curve.
• B) The monopolist can potentially continue to earn economic profits in the long run.
• C) The monopolist charges a price that exceeds marginal cost.
• D) The monopolist chooses output where marginal revenue equals marginal cost.

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