2001EconomicsMedium
In a monopoly which of the following is not true?
AThere is one main sellers
BThe firm is a price taker
CProducts are differentiated
DThere is freedom of entry and exit into the industry in the long run
Correct answer
D. There is freedom of entry and exit into the industry in the long run
Explanation
The correct answer is There is freedom of entry and exit into the industry in the long run.