Which of the following statements is not correct about a monopoly? Multiple Choice A monopolist generally faces a downward-sloping demand curve. Monopolists always make positive profits in the long run. A monopoly may make negative profits in the short run. There is no close substitute for a monopoly's product.

Respuesta :

The statement that Monopolists always make positive profits in the long run is not correct.

Monopolists refers to firms who dominates or controls the market for a specific good or service

The pure monopolist will continue to get economic benefits in the long run unlike in the strictly competitive business,

Therefore, the Option B is correct because the statement that Monopolists always make positive profits in the long run is untrue because profits are not always guaranteed.

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