Which of the Following Statements Regarding a Monopolist Is False

question 99

Multiple Choice

Which of the following statements regarding a monopolist is false?

• A)The marginal revenue curve lies below the demand curve for the monopolist's output.
• B)Unlike a perfectly competitive firm, a monopolist faces little or no competition.
• C)The monopolist sets price equal to marginal cost to maximize profits.
• D)The monopolist may or may not earn positive economic profits.

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Definitions:

Molecular Phylogenetics

A branch of phylogenetics that analyzes genetic, hereditary molecular differences, principally in DNA sequences, to gain information on an organism's evolutionary relationships.

Extinct Species

Species that no longer exist, with no living individuals left anywhere on Earth.

DNA Sequences

DNA sequences are the specific arrangements of nucleotides (adenine, thymine, cytosine, and guanine) on a strand of DNA that encode the genetic information of an organism.

Gene Flow

Describes the movement, or migration, of alleles from one population to another.