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Perfect Competition Maximized Total Economic Surplus and Monopoly Does Not,because

Question 122

Multiple Choice

Perfect competition maximized total economic surplus and monopoly does not,because in perfect competition __________ while in monopoly __________.

A) P = MC;P > MC
B) P < MR;P = MR
C) P = MR;P < MR
D) P = MC;P < MC
E) P = MR;P = MC

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