问题 单项选择题

Which of the following statements about monopolists is most likely correct()

A. Without government intervention, monopolists will always earn profits.

B. A monopolist maximizes price where marginal revenue equals marginal cost.

C. Monopolists have imperfect information about demand.

答案

参考答案:C

解析:

Demand curves are not observable so a monopolist must search for the profit maximizing price. Because demand information is not perfect, a monopolist is a price searcher. The other statements are false. Although a monopolist can earn positive economic profits in the long run, they are not guaranteed profit. If average total costs exceed price, the monopolist will lose money. A monopolist maximizes profit where marginal revenue equals marginal cost. A monopoly may be defined as a single seller of a well-defined product for which there are no good substitutes.

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