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:

Tangible

Anything that can be physically touched or is material in nature.

Bailed Property

Property that has been transferred into the temporary custody of another (the bailee) with the expectation that it will be returned to the owner.

Non-Exclusive Possession

A legal arrangement where property or an asset can be used or occupied by more than one party simultaneously.

Involuntary Bailment

A situation where an individual unintentionally becomes responsible for the custody or care of another's property, without an agreement.