Multiple Choice
The extra revenue collected by selling an extra unit of output is
A) equal to price for both perfect competitors and monopolists.
B) a concept useful only when studying monopoly.
C) less than price for both perfect competitors and monopolists.
D) calculated as total revenue divided by output.
E) equal to price for a perfect competitor but less than price for a monopolist.
Correct Answer:
Verified
Correct Answer:
Verified
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