Which of the following is not true of monopolists? - ProProfs Discuss
Topics
Products
Follow Us:

Which of the following is not true of monopolists?



A. The entry of new firms is not a major concern.
B. Monopolists seek to maximize profits.
C. Monopolists can charge any price they want and make a profit.
D. Monopolists can choose any point on the market demand curve.
E. Monopolists can raise price more than 10 percent.

This question is part of Monopoly
Asked by Adam, Last updated: Aug 11, 2020

+ Answer
Request

1 Answer

John Smith

John Smith

Answered May 03, 2017

A.The entry of new firms is not a major concern.
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.