Which of the Following Is True of a Firm in a Monopoly

question 115

Multiple Choice

Which of the following is true of a firm in a monopoly market?

• A)The price charged by the monopolist is less than the marginal cost of production.
• B)The equilibrium output in a monopoly market is smaller compared to a competitive market.
• C)There is a deadweight loss in a monopoly market.
• D)In a monopoly market long-run economic profits are zero.

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