Which of the Following Is False

question 39

Multiple Choice

Which of the following is false?

• A)For a monopolist there are no close substitutes for its product.
• B)At one point in time IBM was a monopoly because no other firm produced mainframe computers.
• C)A monopolist is a price taker.
• D)The only gas station within 300 miles just off of highway 80 in Wyoming would be considered a monopoly.

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