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-Which of the Following Is a TRUE Statement About a Monopoly

Question 155

Multiple Choice

-Which of the following is a TRUE statement about a monopoly? A) A monopoly does not necessarily earn positive economic profits. B) A monopoly must earn an above-normal profit to stay in business. C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits. D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.
-Which of the following is a TRUE statement about a monopoly?


A) A monopoly does not necessarily earn positive economic profits.
B) A monopoly must earn an above-normal profit to stay in business.
C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits.
D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.

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