Which of the following is not true?
A)The monopolist, like the perfect competitor, will maximize profits at the output where marginal revenue equals marginal cost.
B)The monopolist, like the perfect competitor, will maximize profits at the output where price equals marginal cost.
C)If a monopoly is incurring a loss, it will be eliminated by entry of other firms into the industry.
D)A monopolist produces at an output where the value to society from the last unit produced is greater than its marginal cost.
E)A monopolist incurs a loss if the demand is insufficient to cover average total cost.

Question

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The Answer of Which of the following is not true?
A)The monopolist, like the perfect competitor, will maximize profits at the output where marginal revenue equals marginal cost.
B)The monopolist, like the perfect competitor, will maximize profits at the output where price equals marginal cost.
C)If a monopoly is incurring a loss, it will be eliminated by entry of other firms into the industry.
D)A monopolist produces at an output where the value to society from the last unit produced is greater than its marginal cost.
E)A monopolist incurs a loss if the demand is insufficient to cover average total cost.

Which of the Following Is Not True