Which of the following statements is false?
A)The monopolist faces a horizontal demand curve.
B)For the single-price monopolist, marginal revenue is less than price.
C)For the monopolist, revenue maximization and profit maximization are usually not the same.
D)The monopolist is a price searcher.

Question

Quizplus · Accepted Answer

A monopolist faces a downward-sloping demand curve, not a horizontal one. A horizontal demand curve implies perfect competition, where the firm is a price taker.

Which of the Following Statements Is False