Which statement is true?
A)Despite the fact that the Wrigley family lost money in the many years they owned the Chicago Cubs,they were operating in the long run since they owned the team for many decades.
B)There is no way to distinguish between the long run and the short run if a monopoly is making a profit.
C)The National Football League used legal barriers to maintain its monopoly status up until the development of the American Football League in the early 1960s.
D)All of the statements are true.

Question

Quizplus · Accepted Answer

The Answer of Which statement is true?
A)Despite the fact that the Wrigley family lost money in the many years they owned the Chicago Cubs,they were operating in the long run since they owned the team for many decades.
B)There is no way to distinguish between the long run and the short run if a monopoly is making a profit.
C)The National Football League used legal barriers to maintain its monopoly status up until the development of the American Football League in the early 1960s.
D)All of the statements are true.

Which Statement Is True