Which of the Following Is Not True of a Pure

question 194

Multiple Choice

Which of the following is not true of a pure monopoly?

• A)Demand is negatively sloped
• B)Marginal revenue is less than price therefore the firm should consider raising its price until marginal revenue equals demand
• C)Marginal revenue is less than average revenue therefore the firm should consider adjusting its quantity until marginal revenue equals average revenue
• D)It is a price taker
• E)Its position is protected by significant barriers to entry

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