Which statement is true?
A)Since the monopolist is the only firm in the industry,its profit is calculated differently from the way a perfect competitor would calculate profit.
B)The monopolist's demand curve and marginal revenue curve are the same line.
C)In the long run under monopoly,the most efficient output is the most profitable output.
D)A monopolist may lose money in the short-run.

Question

Quizplus · Accepted Answer

A monopolist, like any other firm, can incur losses in the short run due to high fixed costs or low demand, despite having market power.

Which Statement Is True