Which of the Following Statements Is FALSE

question 13

Multiple Choice

Which of the following statements is FALSE?

• A) In the short run, a monopolist might operate even though it is incurring an economic loss, but in the short run a perfectly competitive firm always shuts down if it is incurring an economic loss.
• B) A monopoly can earn an economic profit in the long run, but a perfectly competitive firm cannot.
• C) A monopoly can set its price while a perfectly competitive firm cannot.
• D) A monopoly is protected by barriers to entry while a perfectly competitive firm is not.

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Definitions:

MyPlate

A visual guide created by the U.S. Department of Agriculture to help Americans understand and follow healthy eating patterns, representing recommended proportions of food groups.

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Informal talks that occur simultaneously within the main discussion or activity, often causing distraction or disruption.

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