Question
1.Write M (for monopoly) or PC (perfect competition) next to each statement below to indicate which type of industrial organization is being described. ________Price taker
1.Write M (for monopoly) or PC (perfect competition) next to each statement below to indicate which type of industrial organization is being described.
________Price taker
________Price maker
________Interchangeable good with lots of close substitutes
________Produces such that P = MR = MC
________One producer
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Marketing
Authors: John McMurry, Robert Fay
13th Edition
125973806X, 9781259738067
