Which of the Following Statements Is False

question 39

Multiple Choice

Which of the following statements is false?

• A)The monopolistic competitor is a price searcher.
• B)The monopolistic competitor produces an output at which price is greater than marginal cost.
• C)The demand curve facing a monopolistic competitor is less elastic than the demand curve facing a monopolist.
• D)There are many substitutes in a monopolistic competitive industry.

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