-Which of the Following Is a TRUE Statement About a Monopoly

question 155

Multiple Choice

-Which of the following is a TRUE statement about a monopoly?

• A) A monopoly does not necessarily earn positive economic profits.
• B) A monopoly must earn an above-normal profit to stay in business.
• C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits.
• D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.

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Definitions:

Industrial Pollution

Contamination of the environment, including air, water, and soil, caused by industrial activities.

Second-Hand Smoke

Smoke that is exhaled by smokers or emitted from the burning end of cigarettes, cigars, or pipes, posing health risks to non-smokers who inhale it.

Cancers

A group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.

Avoid Cancer

Avoid Cancer refers to engaging in behaviors and lifestyle choices that can reduce the risk of developing cancer, such as avoiding tobacco, eating a healthy diet, and regular physical activity.