Which of the following statements is incorrect?
A. Even monopolistic can earn losses.
B. Firms in a perfectly competitive do not face any barrier in their entry or exit.
C. It is always beneficial for a firm in a perfectly competitive market to discriminate price.
D. Kinked demand curve is related to an oligopolistic market.
Answer:C
Which of the following statements is incorrect?
A. Even monopolistic can earn losses. B. Firms in a perfectly competitive do not face any barrier in their entry or exit. C. It is always beneficial for a firm in a perfectly competitive market to discriminate price. D. Kinked demand curve is related to an oligopolistic market.