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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