Which of the following is (are) true?
A) Firms constantly seek out the market power that monopoly offers.
B) Economic profits invite continuing attempts to break down the economic barriers that a monopoly may have.
C) Technological change and the pursuit of profit work against the entrenched power of monopolies.
D) All of the above are true.

Question

Quizplus · Accepted Answer

All of the statements are true as they describe the dynamics of how firms operate in relation to monopoly power, the attraction of economic profits, and the impact of technological change on monopolies.

Which of the Following Is (Are) True