What is the major difference between perfect competition and monopoly?
A) The slope of the supply curve faced by the firm.
B) The slope of the demand curve faced by the industry.
C) The slope of the supply curve faced by the industry.
D) The slope of the demand curve faced by the firm.
Correct Answer:
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A)below the marginal
Q19: A monopoly can result because of:
A)an ownership
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Q32: Monopolies exist because of:
A) diseconomies of scale.
B)
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