Which of the Following Statements Is False

question 250

Multiple Choice

Which of the following statements is false?

• A)The competitive firm produces where P = MC.
• B)The monopolist produces where P = MC.
• C)The competitive firm produces where MR = MC.
• D)The monopolist produces where MR = MC.

---

Definitions:

Out Of Service (OOS)

A status indicating that a device, vehicle, or system is not operational, either due to malfunction or maintenance requirements.

Slack Adjuster

A component in a vehicle's braking system that adjusts the brakes as needed to compensate for wear and maintain performance.

Air Tanks

Containers used in air brake systems to store compressed air and supply it to the brakes to facilitate stopping or control.

PM Service

Preventive Maintenance Service, a routine maintenance practice designed to keep vehicles running efficiently by preventing major issues before they occur.