Which of the Following Is Not a Difference Between Monopolies

question 147

Multiple Choice

Which of the following is not a difference between monopolies and perfectly competitive markets?

• A)Monopolies can earn profits in the long run while perfectly competitive firms break even.
• B)Monopolies charge a price higher than marginal cost while perfectly competitive firms charge a price equal to marginal cost.
• C)Monopolies choose to produce the quantity at which marginal revenue equals marginal cost while perfectly competitive firms do not.
• D)Monopolies face downward sloping demand curves while perfectly competitive firms face horizontal demand curves.