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sheila sheila
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6 months ago

One difference between a perfectly competitive firm and a monopoly firm is



▸

a perfectly competitive firm maximizes profit by producing the quantity of output at which MR = MC, and the monopoly firm does not.



▸

a monopoly firm is resource allocative efficient, and a perfectly competitive firm is not.



▸

the monopoly firm charges the highest per-unit price for its product, and the perfectly competitive firm does not.



▸

the demand curve and the marginal revenue curve are the same for the perfectly competitive firm, but they are not the same for the monopoly firm.



▸

c and d

Textbook 
Economics

Economics


Edition: 12th
Author:
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Tram N.Tram N.
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6 months ago
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