12. Which of the following statements is NOT true?
(A) In a monopolistic labor market, marginal factor cost is equal to the equilibrium wage rate.
(B) In monopolistic labor markets, an individual firm faces a positively sloped labor-supply curve.
(C) The intersection of market labor supply with market labor demand establishes equilibrium in aperfectly competitive labor market
(D) Assuming a perfectly competitive labor market, a firm selling in a monopolistic product marketwill have a lower marginal revenue of product curve than a firm in a perfectly competitiveproduct market.
(E) In a perfectly competitive labor market, an individual firm can hire as many workers as it needs atthe equilibrium wage rate.