Which of the following statements is true?
A) All monopolists are perfect price discriminators.
B) All monopolists earn short-run economic profits.
C) A monopolist will leave the market if it incurs an economic loss in the long run.
D) A monopolist does not need barriers to entry to sustain a long-run economic profit.

Question

Quizplus · Accepted Answer

A monopolist will exit the market in the long run if it cannot cover its costs and incurs an economic loss, as it seeks to maximize profits or minimize losses.

Which of the Following Statements Is True