Which of the following is not true for a monopoly?
A) The demand curve for the monopoly and the market are the same.
B) It has no direct competitors.
C) It can use its market power to charge higher prices than a competitive firm.
D) It is a price taker.

Question

Quizplus · Accepted Answer

A monopoly is not a price taker. It has the power to set its own price due to its lack of direct competition.

Which of the Following Is Not True for a Monopoly