Multiple Choice
Which of the following statements is false?
A) A price searcher must lower price to sell an additional unit of its product.
B) For a price searcher, price equals marginal revenue for all units except the first.
C) For a price searcher, price is greater than marginal revenue for all units except the first.
D) A price searcher, like a price taker, produces that quantity of output for which marginal revenue equals marginal cost.
Correct Answer:

Verified
Correct Answer:
Verified
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