Question
Which of the following is true for a pure monopolist?
Question 16 options:
A) The firm has a perfectly elastic demand curve.
B) The firm will always earn an economic profit.
C) The demand curve is above the marginal revenue curve.
D) None of the above are true.
Question 16 options:
A) The firm has a perfectly elastic demand curve.
B) The firm will always earn an economic profit.
C) The demand curve is above the marginal revenue curve.
D) None of the above are true.
Answers
GPT 3.5
D) None of the above are true.