Which of the Following Statements About a Monopolist Is TRUE

question 293

Multiple Choice

Which of the following statements about a monopolist is TRUE?

• A) Monopolies tend to misallocate resources.
• B) All monopolies are unlawful in the United States.
• C) Monopolies tend to allocate resources in a socially optimal manner.
• D) Monopolies will always make a profit in the long run.

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