Which of the Following Statements with Respect to the Monopolist

question 54

Multiple Choice

Which of the following statements with respect to the monopolist is FALSE?

• A) A monopolist can make higher profits if it can price discriminate.
• B) A monopoly tends to result in a lower quantity being sold than perfect competition does.
• C) Monopoly is a situation in which a single firm dominates.
• D) A monopoly arises in a situation with few barriers to entry into the marketplace.

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