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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