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13. [2 points] A monopolist faces a perfectly elastic demand curve. The monopolist's cost curves have their usual shapes. As a result: MC A the

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13. [2 points] A monopolist faces a perfectly elastic demand curve. The monopolist's cost curves have their usual shapes. As a result: MC A the level of output will be the same as in perfect competition. B price will exceed marginal revenue. C economic profits will be negative. D economic profits will be zero. MR = Demand E price will be higher than in perfect competition MR

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