Multiple Choice
Which of the following is false?
A) A perfectly competitive firm is resource-allocative efficient, but a monopolistic competitive firm is not.
B) An oligopolistic firm is not resource-allocative efficient.
C) An oligopolist produces that quantity of output at which price is equal to marginal cost.
D) A monopolistic competitive firm produces a quantity of output at which price is greater than marginal cost.
Correct Answer:
Verified
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