Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) In the short run, a monopolist might operate even though it is incurring an economic loss, but in the short run a perfectly competitive firm always shuts down if it is incurring an economic loss.
B) A monopoly can earn an economic profit in the long run, but a perfectly competitive firm cannot.
C) A monopoly can set its price while a perfectly competitive firm cannot.
D) A monopoly is protected by barriers to entry while a perfectly competitive firm is not.