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Since price _____ for a monopoly firm, the profit-maximizing monopoly firm does not produce the quantity of output for which price equals marginal cost

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Since price _____ for a monopoly firm, the profit-maximizing monopoly firm does not produce the quantity of output for which price equals marginal cost.

a. does not equal marginal revenue,

b. does equal marginal revenue,

c. is higher for a perfectly competitive firm than,

d. is lower for a perfectly competitive firm than,

e. a and d.

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