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.

---

Definitions:

Coral Reef System

A diverse underwater ecosystem characterized by reef-building corals. These systems are found in warm, shallow ocean waters and support a wide range of marine life.

Freshwater

Water that has a low salt concentration, commonly found in rivers, lakes, streams, and ponds.

Oxygen

A chemical element with symbol O, critical for the survival of most terrestrial life forms, acting as the final electron acceptor in cellular respiration.

Daily Temperature Extremes

The highest and lowest temperatures that occur within a single day, indicating the range of thermal variability in an area.