Which statement is false?
A)The monopolist's demand and marginal revenue curves are two separate curves.
B)The monopolist can sell more output only by lowering price.
C)The monopolist produces at the minimum point of its ATC curve.
D)None of these statements are false.

Question

Quizplus · Accepted Answer

The monopolist does not necessarily produce at the minimum point of its ATC curve, as the optimal level of production depends on the intersection of the marginal revenue and marginal cost curves. In some cases, the monopolist may produce at a level of output where the ATC curve is not at its minimum point.

Which Statement Is False