-Which of the Following Is INCORRECT Regarding Monopoly and Profits

question 139

Multiple Choice

-Which of the following is INCORRECT regarding monopoly and profits?

• A) The mere existence of a monopoly does not guarantee high profits.
• B) Numerous monopolies have gone bankrupt.
• C) A monopolist will never experience economic losses.
• D) The monopolist reaches profit-maximizing output by trial and error.

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Definitions:

Dwell

To spend a significant amount of time thinking about or discussing a particular subject, often more than is necessary or productive.

Bad News

Information that is unwelcome, disappointing, or distressing to the recipient.

Deemphasize

To reduce the importance, size, or intensity of something.

Grammatically

Pertaining to the rules and principles that govern the structure of sentences in a language.