Which of the Following Is False

question 45

Multiple Choice

Which of the following is false?

• A)Profit is maximized when MR = MC for both monopolies and perfect competition firms
• B)Monopolies profit maximize and perfect competitive firms output maximize
• C)Both monopolies and perfect competition firms earn zero profit in the long run
• D)At equilibrium, price is higher than marginal cost for monopolies but not for competitive firms

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