Which Statement About Monopoly Equilibrium and Perfectly Competitive Equilibrium Is

Multiple Choice

Which statement about monopoly equilibrium and perfectly competitive equilibrium is INCORRECT?

A) Price is greater than marginal cost in monopoly,and price equals marginal cost in perfect competition.
B) When a monopoly exists,the consumer surplus from the market is less than it would be if the same market were perfectly competitive.
C) Monopoly output will be less than will the output of a comparable perfectly competitive industry.
D) In the long run,economic profits are driven to zero in both a monopoly and a perfectly competitive market.