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QUESTION 3 Which of the following statements is TRUE? O A monopoly firm is a price taker and has no supply curve. . O A

QUESTION 3 Which of the following statements is TRUE? O A monopoly firm is a price taker and has no supply curve. . O A monopoly firm has no supply curve and its marginal revenue is never greater than the price. A monopoly firm has a downward sloping supply curve and a downward sloping demand curve. A monopoly firm has no supply curve and its marginal revenue equals the price

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