a. Complete the sentence below:

For a monopolist, the price charged for a good is ____ than marginal revenue but for a competitive firm the price charged for a good is ______ marginal revenue.

b. What "rule" do monopolist use to determine the profit maximizing level of output?

c. Monopolist and Perfect competitive firms determine profit maximizing level of output using the same economic "rule":True or False?

d. Monopolist charge the highest price for a goodwith no regardsto consumers' demand curve:True or False?