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Homework answers / question archive / Which of the following is true? a) A monopoly firm is a price-maker
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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