Rich Industries and Very-Big Corp are two monopolists operating in separate markets. At their profit-maximizing prices, Rich has a marginal cost of 5, while Very-Big has a marginal cost of 10. Assume that the firms are not capacity constrained. We can conclude that:

Rich Industries and Very-Big Corp are two monopolists operating in separate markets. At their profit-maximizing prices, Rich has a marginal cost of 5, while Very-Big has a marginal cost of 10. Assume that the firms are not capacity constrained. We can conclude that:

a) Rich is charging a higher price than Very-Big is charging.

b) Rich is charging a lower price than Very-Big is charging.

c) Rich's marginal revenue is higher than Very-Big's marginal revenue.

d) Rich's marginal revenue is lower than Very-Big's marginal revenue.