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:

Morphemes

The smallest grammatical units in a language that carry meaning.

Personal Truths

Individual beliefs or perceptions that are held to be true by the person, regardless of their objective accuracy.

Intentional Messages

Communications that are deliberately sent or received with an awareness of the message's meaning by the sender.

Paralinguistic Cues

Non-verbal elements of communication used to modify meaning or convey emotion, such as tone of voice, facial expressions, and gestures.