Which of the following statements regarding a monopolist's profit maximizing condition is false?

Question

A. teh monopolists's profit maximizing price will be greater thean marginal cost for the last unit supplied.

B. A monopolist can earn positive economic profit.

C. Because monopoly price is above marginal cost and monopoly earns positve economic profit, ther are no benefits to consumers int eh monopoly market.

D. Price equals average revenue at the profit-maximizing quantity fo output.

Answer 1

C. As long as there is a part of the demand curve above the price, there is consumer surplus.