Question: Select a false statement from below In monopoly and monopolistic competition markets, marginal revenue curve lies below the demand ( average revenue or price )

Select a false statement from below
In monopoly and monopolistic competition markets, marginal revenue curve lies below the demand(average revenue or price) curve
In monopoly and monopolistic competition markets, the levels of output in equilibrium(determined by MR=MC) would be less than that obtained under perfectly competitive market conditions
In monopolistic competition, firms promote their products through advertising( called non-price competition).
Both in monopoly and monopolistic competition, the equilibrium price=marginal cost
Select a false statement from below In monopoly

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