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In Both Monopolistic Competition and Non-Price-Discriminating Monopoly

Question 43

Multiple Choice

In both monopolistic competition and non-price-discriminating monopoly,


A) the marginal revenue curve lies above the average revenue curve
B) the marginal revenue curve lies above the demand curve
C) the marginal revenue curve lies below the demand curve
D) marginal revenue is equal to average revenue
E) marginal revenue is equal to price

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