Which of the Following Is False

question 90

Multiple Choice

Which of the following is false?

• A)The monopolist and perfect competitor both produce where MC equals MR.
• B)A monopoly is a firm that produces all the output in an industry.
• C)If a monopolist is losing money,it is in the long run.
• D)Price is read off the demand curve for the monopolist.

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Definitions:

Fair Debt Collection Practices Act

A federal law that limits the behavior and actions of third-party debt collectors attempting to collect debts on behalf of another person or entity.

Debt Collector

An individual or company that collects debts owed by consumers, often on behalf of a creditor.

Civil Penalty

A financial penalty imposed by a government agency as punishment for violating a civil law or regulation, distinct from criminal penalties.

Cease-and-Desist Order

A legal order issued by a government authority or court directing a person or entity to stop an illegal or questionable activity immediately.