JoJo Has a Monopoly Producing Stringless Yoyos

question 149

Multiple Choice

JoJo has a monopoly producing stringless yoyos.His company is called JoJo's Yoyos.As a result of his monopoly position,

• A)he is guaranteed a profit.
• B)if he loses money in the short run,he will make money in the long run.
• C)his average total costs will always be lower than the price he charges.
• D)None of the choices are correct.

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