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.
C
Economics
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All of the following products are likely to have significant network externalities except
A) cat food. B) cell phones. C) Twitter. D) popular board games.
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If a country experiences a high rate of inflation, then the demand for that country's currency will increase
a. True b. False Indicate whether the statement is true or false
Economics