Ignoring oligopoly and focusing on the other three market structures,in which of those market structures does a profit-maximizing firm charge a price that exceeds marginal cost?
A) Monopoly only
B) Monopoly and monopolistic competition only
C) Monopoly, monopolistic competition, and perfect competition
D) The answer cannot be determined without knowing whether the market is in the long run or short run.
Correct Answer:
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