Which of the Following Statements Is Not Correct?

Question 24
Multiple Choice

Which of the following statements is not correct? A)A monopolist's ability to act as a price setter guarantees economic profits in the short run. B)The monopolist's marginal revenue is less than the price for any output greater than one. C)A monopolist's demand curve is the same as the market demand curve for the product. D)In the long run,a monopolist will experience only positive or zero economic profits.