Which of the Following Is a Characteristic Shared by a Perfectly

Multiple Choice

Which of the following is a characteristic shared by a perfectly competitive firm and a monopoly?

A) Each must lower its price to sell more output.
B) Each sets a price for its product that will maximise its revenue.
C) Each maximises profits by producing a quantity for which marginal revenue equals marginal cost.
D) Each maximises profits by producing a quantity for which price equals marginal cost.