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The Perfectly Competitive Firm Charges a Price Equal to __________

Question 118

Multiple Choice

The perfectly competitive firm charges a price equal to __________ while the monopolist charges a price __________.


A) marginal revenue; equal to marginal cost
B) marginal cost; greater than marginal cost
C) marginal revenue; greater than marginal revenue
D) average total cost; greater than average total cost
E) b and c

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