Which of the following is NOT true for monopoly? A) The profit maximi

Which of the following is NOT true for monopoly?

A) The profit maximizing output is the one at which marginal revenue and marginal cost are equal.
B) Average revenue equals price.
C) The profit maximizing output is the one at which the difference between total revenue and total cost is largest.
D) The monopolist’s demand curve is the same as the market demand curve.
E) At the profit maximizing output, price equals marginal cost.

ANSWER

E