Which One of the Following About a Monopoly Is False

question 103

Multiple Choice

Which one of the following about a monopoly is false?

• A)A monopoly could make profits in the long run.
• B)A monopoly could break even in the long run.
• C)A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.
• D)A monopoly status could be temporary.

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Definitions:

National Labor Relations Act

A foundational US law enacted in 1935 that protects the rights of employees to organize, bargain collectively, and engage in other union activities.

Contract Clause

A specific provision or section within a contract that stipulates the obligations, rights, and responsibilities of the parties involved.

Member Panel

A group composed of organization or community members tasked with making decisions or providing advice on specific topics or issues.

Bill Of Rights

A formal statement listing the fundamental rights and freedoms that are protected and guaranteed to all citizens.