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livestrong136 livestrong136
wrote...
Posts: 324
Rep: 7 0
10 years ago
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.
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wrote...
#1
10 years ago
A competitive firm charges a price equal to marginal cost.

A monopolistically competitive firm can charge a price greater than marginal cost.
Biology - The only science where multiplication and division mean the same thing.
wrote...
#2
10 years ago
C, Because it Can. Its the monopoly so it has the power to do that.
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