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Title: Why a monopolistic firm charge more than a competitive firm? Multiple Choice Post by: livestrong136 on Mar 8, 2014 Why does a monopolistic firm charge more than a competitive firm?
A. To save costs. B. To make as many drugs as possible. C. Because it can. D. To maximize its revenue. Title: Re: Why a monopolistic firm charge more than a competitive firm? Multiple Choice Post by: savio on Mar 9, 2014 A competitive firm charges a price equal to marginal cost.
A monopolistically competitive firm can charge a price greater than marginal cost. Title: Re: Why a monopolistic firm charge more than a competitive firm? Multiple Choice Post by: ceilia on Mar 10, 2014 C, Because it Can. Its the monopoly so it has the power to do that.
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