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rizumidancer rizumidancer
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5 years ago
A major difference between a monopolist and a perfectly competitive firm is that

• the monopolist is certain to earn economic profits.

• the monopolist engages in marginal cost pricing.

• the monopolist's marginal revenue curve lies below its demand curve.

• the monopolist charges the highest possible price that he can.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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vande746vande746
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5 years ago
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rizumidancer Author
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#2
5 years ago
Thank you for answering so quickly
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#3
3 years ago
thanks
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