Which of the Following Is True About a Monopoly

question 23

Multiple Choice

Which of the following is true about a monopoly?

• A)Its demand curve is generally less elastic than in more competitive markets.
• B)It will always earn economic profit.
• C)It will always produce the same as a perfectly competitive firm.
• D)It will always be subject to government regulation.
• E)None of the above is true.

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