Which of the following indicates the major difference between monopolists and competitive price searchers?

a. Monopolists will always be able to make economic profit; competitive price searchers will not.
b. Barriers to entry are high under monopoly but low in competitive price-searcher markets.
c. Monopolists will face a downward-sloping demand curve; competitive price searchers will not.
d. Unregulated monopolists will charge prices that exceed marginal cost; competitive price searchers will not.


B

Economics

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