Which of the Following Statements Is False

question 60

Multiple Choice

Which of the following statements is false?

• A)For a price taker, P = MR, but for a price searcher, P > MR.
• B)A monopoly firm's demand curve lies above its marginal revenue curve.
• C)A single-price monopolist charges the same price for all units of its product.
• D)If a single-price monopolist sells the first unit of its product for $11, it cannot sell two units of its product for $11 each.
• E)none of the above

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Definitions:

Plants

Living organisms of the kingdom Plantae, typically growing in a permanent site, absorbing water and inorganic substances through their roots, and synthesizing nutrients in their leaves by photosynthesis.

Linguistic Sexism

Refers to the way language reflects or promotes gender inequality, often through the use of gender-biased terms or expressions.

Masculine Generics

Language use where masculine terms are used to refer to people regardless of their gender, often leading to the invisibility or devaluation of women and non-binary individuals.

Suffragist

Suffragist refers to an individual, particularly in the early 20th century, who advocated for extending the right to vote, especially to women.