Which of the Following Is True of a Monopoly

question 165

Multiple Choice

Which of the following is true of a monopoly?

• A)Producers sell a product for which there are many substitutes.
• B)Producers enjoy complete freedom of entry into and out of the industry.
• C)The demand curve facing the producer is the market demand curve.
• D)Producers always charge the highest possible price.
• E)Producers are price-takers.

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