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Which of the following statements about monopolists is most accurate?

A Monopolists have imperfect information about demand.

Demand curves are not observable so a monopolist must search for the profit maximizing price. Because demand information is not perfect, a monopolist is a price searcher. The other statements are false. Although a monopolist can earn positive economic profits in the long run, they are not guaranteed; if average total costs exceed price, the monopolist will experience economic losses. A monopolist maximizes profit, not revenue, where marginal revenue equals marginal cost.

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