Monopoly firms have a downward sloping curve in the short-run because
a) They have no close substitutes
b) There are no barriers to entry
c) They have no cost advantage over their rivals
d) None of the above
ANS A
Monopoly firms have a downward sloping curve in the short-run because
a) They have no close substitutes
b) There are no barriers to entry
c) They have no cost advantage over their rivals
d) None of the above
ANS A