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:

Breach

A violation or infringement of a law, obligation, tie, or standard.

Breach of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Required Duties

Obligations or tasks that an individual or entity must perform as mandated by law or contract.

Any Breach

Refers to the violation or infringement of any terms or conditions set out in a contract or agreement.