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Exhibit 10-5 -Which of the Following Statements Concerning a Monopoly Is False

Question 87

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Exhibit 10-5 Exhibit 10-5 -Which of the following statements concerning a monopoly is false? A) A monopoly, like a competitive firm, will shut down when revenues are less than variable costs. B) It is possible for a monopoly to suffer losses in the long run. C) Monopolies cannot suffer losses. D) A monopoly can enjoy economic profits in the long run. E) A monopoly can suffer losses in the short run.
-Which of the following statements concerning a monopoly is false?


A) A monopoly, like a competitive firm, will shut down when revenues are less than variable costs.
B) It is possible for a monopoly to suffer losses in the long run.
C) Monopolies cannot suffer losses.
D) A monopoly can enjoy economic profits in the long run.
E) A monopoly can suffer losses in the short run.

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