Identify the False Statement

Multiple Choice

Identify the false statement.

A) A monopolist and a perfectly competitive firm both maximize profits.
B) A monopolist and a perfectly competitive firm both produce an output level where marginal revenue equals marginal cost.
C) A monopolist and a perfectly competitive firm both produce where price equals marginal cost.
D) A monopolist and a perfectly competitive firm both charge a price based on the demand curve facing the firm and the costs borne by the firm.