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:

Genetic Relation

The biological connection between individuals who share common ancestry, often impacting traits, behaviors, and genetically inherited conditions.

Volunteering Time

The act of offering one's time and skills without financial compensation to benefit another person, group, or organization.

Ongoing Basis

refers to activities or processes that occur continuously or regularly, without a predetermined end point.

Instrumental Aggression

Harm-seeking done to another person that serves some other goal.