Which of the Following Statements Is False

question 259

Multiple Choice

Which of the following statements is false?

• A)In a long-run equilibrium, marginal firms make zero economic profit.
• B)To maximize profit, firms should produce at a level of output where price equals average variable cost.
• C)The amount of gold in the world is limited.Therefore, the gold jewelry market probably has a long-run supply curve that is upward sloping.
• D)Long-run supply curves are typically more elastic than short-run supply curves.

---

Definitions:

New Issue

In finance, refers to securities or stocks being offered for sale to the public for the first time.

Proposed Purchasers

Individuals or entities expressing interest in or committing to buy a property, business, or other valuable asset.

Prospectus Disclosure

Information provided to potential investors about a company's business, financial status, and investment risk.

Material Event

A significant event that can affect the financial performance or operations of a company, often requiring public disclosure.