A firm with positive accounting profit may be suffering an ...

[mikaylakyoung]

A firm with positive accounting profit may be suffering an economic loss.
 a. True
  b. False

Question 2

Which of the following is not true of monopolists?
 a. The entry of new firms is not a major concern.
  b. Monopolists seek to maximize profits.
  c. Monopolists can charge any price they want and make a profit.
  d. Monopolists can choose any point on the market demand curve.
  e. Monopolists can raise price more than 10 percent.

[lin77x]

Answer to Question 1

A

Answer to Question 2

C