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Which of the Following Is NOT a Characteristic of a Monopoly

Question 31

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?


A) A monopolist faces a downward-sloping demand curve.
B) There are no close substitutes for a monopolist's product.
C) After the first unit, the monopolist's marginal revenue is always less than its price.
D) A monopolist is a price taker.

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