Which one of the following about a monopoly is false?
A)A monopoly could make profits in the long run.
B)A monopoly could break even in the long run.
C)A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.
D)A monopoly status could be temporary.

Question

Quizplus · Accepted Answer

A monopoly does not necessarily need a government privilege or imposed barrier to maintain its status; it can also arise from factors like control of a key resource, economies of scale, or technological superiority.

Which One of the Following About a Monopoly Is False