Which of the Following Statements Is False

question 159

Multiple Choice

Which of the following statements is false?

• A)Like a competitive firm, a monopolistically competitive firm makes a normal profit in the long run.
• B)Monopoly and competition are alike in that there is little or no product variety in either type of market.
• C)Monopoly and monopolistic competition result in average total cost above the minimum.
• D)Monopolistic competition and competition both produce a variety of products as a result of many firms.
• E)A monopoly and a monopolistically competitive firm both result in a deadweight loss.