Which of the Following Statements Is False

question 157

Multiple Choice

Which of the following statements 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:

Perceived

Relates to the way in which an individual or group views, understands, and interprets something, often affecting attitudes and behaviors.

Characteristics

Distinguishing traits or features that define an individual, object, or concept.

Impression Management

The process by which individuals attempt to control or influence the perceptions others have of them, often through social interaction.

Impressions

The initial perception or judgment formed about someone or something, often based on limited information and subject to change upon further interaction.