In monopoly the marginal revenue is above the demand curve.
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Q5: In a perfectly competitive market the marginal
Q6: In a perfectly competitive market the demand
Q7: In a perfectly competitive market the firm
Q8: In a perfectly competitive market a profit
Q9: In a perfectly competitive market in the
Q11: In monopoly the demand curve is horizontal.
Q12: Abnormal profits occur when the average revenue
Q13: In perfect competition there are barriers to
Q14: In a monopoly a profit maximising firm
Q15: When a few firms dominate a market
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