Which of the Following Is False

question 45

Multiple Choice

Which of the following is false?

• A) A perfectly competitive firm is resource-allocative efficient, but a monopolistic competitive firm is not.
• B) An oligopolistic firm is not resource-allocative efficient.
• C) An oligopolist produces that quantity of output at which price is equal to marginal cost.
• D) A monopolistic competitive firm produces a quantity of output at which price is greater than marginal cost.

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Definitions:

Electrical Impulses

Rapid signals that travel along the nervous system, enabling communication between the brain and various parts of the body.

Structured Clinical Interview

A standardized, systematic method used by clinicians to diagnose mental disorders, based on direct questions and observation.

DSM-IIIR

The third edition, revised, of the Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Diagnosis

The process of identifying a disease or condition from its symptoms and signs by examination and various tests.