Business, 03.01.2020 01:31 tyler9585

Suppose a competitive firm and a monopolist are both charging $5 for their respective outputs. one can infer that:
a. marginal revenue is $5 for both firms.
b. marginal revenue is $5 for the competitive firm and less than $5 for the monopolist.
c. marginal revenue is less than $5 for both firms.
d. the competitive firm is charging too much and the monopolist too little.

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Suppose a competitive firm and a monopolist are both charging $5 for their respective outputs. one c...

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