Which of the Following Statements Is False

question 107

Multiple Choice

Which of the following statements is false?

• A)The monopolist faces a horizontal demand curve.
• B)For the single-price monopolist, marginal revenue is less than price.
• C)For the monopolist, revenue maximization and profit maximization are usually not the same.
• D)The monopolist is a price searcher.

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Definitions:

Accounts Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.

Check Register

A record kept to track written checks, deposits, and withdrawals in a checking account, aiding in account reconciliation and financial management.

Stock Purchases Register

A ledger or record keeping log for tracking all purchases of stock inventory over a period.