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Which of the following is true? a) A monopoly firm is a price-maker

Marketing

Which of the following is true?

a) A monopoly firm is a price-maker.

b) MR = P if the demand curve is downward sloping.

c) MR = MC is a profit-maximizing rule for firms in perfect competition only.

d) Monopolies tend to charge lower prices than perfectly competitive firms.$500

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