Which of the following is not possible for a monopolist in the short-run? a. An economic profit b. Breaking even c. An above normal rate of return d. An economic loss e. All of the above are possible for a monopolist in the short-run 2. Which of the following is least like monopoly? a. Sony Corporation b. A natural gas utility company c. A cable tv company d. An electric utility company 3. Which of the following is most like a monopoly? a. Parker Brothers (a game company) b. The U.S. Postal Service c. Intel (a chip manufacturer) d. Motorola (an electronics firm) e. Kroger (a grocery store chain)
1. Which of the following is not possible for a monopolist in the short-run?
a. An economic profit
b. Breaking even
c. An above normal
d. An economic loss
e. All of the above are possible for a monopolist in the short-run
2. Which of the following is least like
a. Sony Corporation
b. A natural gas utility company
c. A cable tv company
d. An electric utility company
3. Which of the following is most like a monopoly?
a. Parker Brothers (a game company)
b. The U.S. Postal Service
c. Intel (a chip manufacturer)
d. Motorola (an electronics firm)
e. Kroger (a grocery store chain)
4. A monopolist can earn above-normal profit in the long-run.
a. True
b. False
5. If a monopolist cannot make an above-normal profit, entry by other firms will occur.
a. True
b. False
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