Monopoly MCQ
What do you mean by monopoly?
21. Which of the following is a characteristic of pure monopoly ?A. One seller of the product
22. A monopoly is able to continue to generate economic profits in the long run because ?
23. Which of the follow statements about price discrimination is not true ?
24. The purpose of antitrust (also known as competition) laws is to ?
25. The monopolist’s supply curve ?
26. The inefficiency associated with monopoly is due to ?
27. Thomas is a monopolist in the production of your textbook because ?
28. Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?
29. When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ?
30. Which of the following is not a barrier to entry in a monopolized market ?