Which Statement Is True

question 99

Multiple Choice

Which statement is true?

• A)Since the monopolist is the only firm in the industry,its profit is calculated differently from the way a perfect competitor would calculate profit.
• B)The monopolist's demand curve and marginal revenue curve are the same line.
• C)In the long run under monopoly,the most efficient output is the most profitable output.
• D)A monopolist may lose money in the short-run.

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