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Perfectly Competitive Firms and Monopolists Are Different Because

Question 11

Multiple Choice

Perfectly competitive firms and monopolists are different because


A) in perfect competition MC = P, while a monopolist produces where P > MC.
B) in perfect competition MC = P, while a monopolist produces where MC > P.
C) in perfect competition P > MC, while a monopolist produces where MC = P.
D) in perfect competition MC > P, while a monopolist produces where MC = P.

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