Which of the Following Is Not True of Monopolists

question 230

Multiple Choice

Which of the following is not true of monopolists?

• A)The entry of new firms is not a major concern.
• B)Monopolists seek to maximize profits.
• C)Monopolists can charge any price they want and make a profit.
• D)Monopolists can choose any point on the market demand curve.
• E)Monopolists can raise price more than 10 percent.

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