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A Monopolist Is Said to Have Market Power Because _____

Question 45

Multiple Choice

A monopolist is said to have market power because _____


A) it faces an upward-sloping marginal cost curve.
B) it faces a downward-sloping demand curve.
C) it always earns positive profit both in the short run and the long run.
D) it charges a fixed price for its products.
E) it faces a high marginal cost of production.

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