CFA Practice Question
Which of the following is true about a monopoly?
B. It never charges some customers more than it charges others.
C. Its demand curve, which is total market demand, is downward-sloping and lies above its marginal revenue curve.
A. It produces a larger output level as compared to the sum of all firms in a competitive industry.
B. It never charges some customers more than it charges others.
C. Its demand curve, which is total market demand, is downward-sloping and lies above its marginal revenue curve.
Correct Answer: C
User Contributed Comments 3
| User | Comment |
|---|---|
| schweitzdm | How is B false? |
| kay136 | Price discrimination. See next chapter. |
| khalifa92 | they sometimes put a question from the next LOS in the Pre LOS quiz to insult people. |