Multiple Choice
Which of the following statements is false?
A) For a price taker, P = MR, but for a price searcher, P > MR.
B) A monopoly firm's demand curve lies above its marginal revenue curve.
C) A single-price monopolist charges the same price for all units of its product.
D) If a single-price monopolist sells the first unit of its product for $11, it cannot sell two units of its product for $11 each.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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