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PaulKet PaulKet
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Posts: 488
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6 years ago
One difference between a monopoly and a competitive firm is that
A) only a monopoly is a price taker.
B) only a monopoly maximizes profit by setting marginal revenue equal to marginal cost.
C) only a monopoly faces a downward-sloping demand curve.
D) None of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 57 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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wrote...
6 years ago
C
PaulKet Author
wrote...
5 years ago
Smiling Face with Open Mouth Yay, got perfect on my quiz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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