-Referring to the Above Graphic,which of the Following Statements Is $P _ { \mathrm { e } }$

question 277

Multiple Choice

-Referring to the above graphic,which of the following statements is FALSE?

• A)In panel (a),a competitive situation is shown in which equilibrium is established at the intersection of D and S at point E.
• B)In panel (a),the equilibrium price is \(P _ { \mathrm { e } }\) and the equilibrium quantity \(\mathrm { Q } _ { \mathrm { e } }\) .
• C)The price the monopolist charges in panel (b)at \(P _ { m, }\) is lower than the price that the competitive producer charges.
• D)The monopolist produces at \(\mathrm { Q } _ { \mathrm { m } }\) ,and charges a price of \(\mathrm { P } _ { \mathrm { m } }\) ,while maximizing profits at the intersection of MC and MR.

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