Which of the following is false?
A)The monopolist and perfect competitor both produce where MC equals MR.
B)A monopoly is a firm that produces all the output in an industry.
C)If a monopolist is losing money,it is in the long run.
D)Price is read off the demand curve for the monopolist.

Question

Quizplus · Accepted Answer

If a monopolist is losing money in the short run, it may continue operating in the hope of making a profit in the long run. However, if it is consistently losing money, it may choose to exit the industry in the long run.

Which of the Following Is False