CFA Practice Question

There are 923 practice questions for this topic.

CFA Practice Question

Which of the following is true about a monopoly?

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.
You need to log in first to add your comment.