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For a monopolist, marginal revenue is: a. Equal to price, whereas marginal revenue is less than the price for a perfectly competitive firm, b.

For a monopolist, marginal revenue is: a. Equal to price, whereas marginal revenue is less than the price for a perfectly competitive firm, b. Less than price, whereas marginal revenue is equal to the price for a perfectly competitive firm. c. Equal to price, as it is for a perfectly competitive firm, d. Less than price, as it is for a perfectly competitive firm,

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