Which of the following indicates the major difference between monopolists and competitive price searchers?
A) Monopolists will always be able to make economic profit; competitive price searchers will not.
B) Barriers to entry are high under monopoly but low in competitive price-searcher markets.
C) Monopolists will face a downward-sloping demand curve; competitive price searchers will not.
D) Unregulated monopolists will charge prices that exceed marginal cost; competitive price searchers will not.
Correct Answer:
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