Which of the Following Statements About a Monopolist Is FALSE

question 318

Multiple Choice

Which of the following statements about a monopolist is FALSE?

• A) A pure monopolist is the sole supplier of one product, good, or service.
• B) The monopolist faces a demand curve for the entire market for that good.
• C) A pure monopolist is not the same as a perfect competitor.
• D) The monopolist faces the industry demand curve, which is upward sloping.

---

Definitions:

Specific Problem

A clearly defined issue or challenge that requires a solution or resolution.

Intervention Skills

Refers to the abilities and techniques used by professionals to intervene in situations to provide assistance, support, or influence outcomes.

Genuineness

Refers to the quality of being sincere, honest, and authentic in one’s interactions and self-presentation.

Ethical Concerns

Issues or situations that require a choice between competing moral principles, often impacting the well-being of individuals or communities and involving considerations of right and wrong.