Which of the Following Is Likely to Occur If a Monopoly

question 91

Multiple Choice

Which of the following is likely to occur if a monopoly suddenly loses its ability to deny potential competitors entry into the market?

• A)The market price of the product will fall.
• B)The total market quantity of output produced will fall.
• C)Profits for the market will increase.
• D)The industry demand curve for the product will shift.