Statements regarding a monopolist is false

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Which of the following statements regarding a monopolist is false?

A. the marginal revenue curve lies below the demand curve for the monopolist’s output

B. Unlike a perfectly competitive firm, a monopolist faces little or no competition

C. The monopolist sets price equal to marginal cost to maximize profits

D. The Monopolist may or may not earn positive economic profits

Reference no: EM13887780

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