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One of the Ways That a Perfectly Competitive Firm and a Nondiscriminating

Question 36

Multiple Choice

One of the ways that a perfectly competitive firm and a nondiscriminating monopolist are different is that


A) the marginal cost curve is U-shaped for a perfectly competitive firm but not for a monopolist
B) P = AR for a perfectly competitive firm but not for a monopolist
C) P = MR for a perfectly competitive firm but not for a monopolist
D) the average revenue curve and demand curve are the same for a perfectly competitive firm but not for a monopolist
E) only the monopolist seeks to maximize profits

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