Which of the Following Statements Is NOT Correct About Monopoly

question 75

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.

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Definitions:

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