Which statement is false?

A) The monopolist produces the entire industry supply.
B) The monopolist faces the entire industry demand curve.
C) A monopoly is generally the largest firm in the industry.
D) None of these statements are false.

Entire Industry

Refers to all the businesses and organizations involved in the production, distribution, and sale of goods and services within a particular sector.

Demand Curve

A graphical representation showing the relationship between the price of a goods or services and the quantity demanded.