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Because a Monopoly's Demand Curve Is the Same as the Market

Question 218

Multiple Choice

Because a monopoly's demand curve is the same as the market demand curve for its product,


A) the monopoly's marginal revenue equals its price.
B) the monopoly is a price taker.
C) the monopoly must lower its price to sell more of its product.
D) the monopoly's average total cost always falls as it increases its output.

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