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zurainzlpt zurainzlpt
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Posts: 324
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6 years ago
The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can
A) only choose the desired output, while a competitive firm can control only price.
B) only choose the desired price, while a competitive firm can control only output.
C) control the position of its demand schedule, but a competitive firm cannot.
D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 72 times
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StevenSpaghettiStevenSpaghetti
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6 years ago
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zurainzlpt Author
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#2
6 years ago
Appreciate the effort you put into answering, thank you!
wrote...
#3
6 years ago
You're very welcome
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