Which of the Following Is False

question 49

Multiple Choice

Which of the following is false?

• A)A true or pure monopoly exists where there is only one seller of a product for which no close substitute is available.
• B)The situation in which one large firm can provide the output of the market at a lower cost than two or more smaller firms is called a natural monopoly.
• C)In monopoly, the market demand curve may be regarded as the demand curve for the firm because it is the market for that particular product.
• D)A monopoly firm is a price maker, and it will pick a price that is the highest point on its demand curve.
• E)None of the above are false.

---

Definitions:

Spelling Errors

Mistakes made in the form of words, involving incorrect letter sequences within the words.

Weird

Strikingly odd or unusual in a way that might provoke curiosity or discomfort.

Numbers Use

The application or utilization of numbers to perform calculations, measure, and quantify data or information.

1:30 Hours

A duration of time equivalent to ninety minutes.