question archive Which one of the following statements about a monopoly is false? a) A monopoly must have some kind of government privilege or government-imposed barrier to maintain its monopoly
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Which one of the following statements about a monopoly is false?
a) A monopoly must have some kind of government privilege or government-imposed barrier to maintain its monopoly.
b) A monopoly could make profits in the long run.
c) A monopoly could break even in the long run.
d) A monopoly status could be temporary.
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