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Economics Which of the following is true for a monopolist but not for a firm in perfect competition? a.The marginal revenue curve is downward-sloping.b.Marginal revenue

Economics

Which of the following is true for a monopolist but not for a firm in perfect competition?

a.The marginal revenue curve is downward-sloping.b.Marginal revenue equals price.c.The marginal revenue curve lies above the demand curve.d.Economic profits are zero in the long-run.

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