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Which of the following statement is true

Question:

Which of the following statement is true

A.

Monopolist are price takers

B.

Monopoly firm earn abnormal profits

C.

A Monopoly firm faces straight demand line

D.

Supply curve of a monopoly firm is positive sloped

Answer» a. Monopolist are price takers

Note: The above multiple-choice question is for all general and Competitive Exams in India