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Suppose that Pretzel stands in NY are a competitive industry and De Beers Diamonds is a monopoly. Which of the following is correct? A.For Pretzel

Suppose that Pretzel stands in NY are a competitive industry and De Beers Diamonds is a monopoly. Which of the following is correct?

A.For Pretzel stands, price equals marginal cost; for De Beers, price exceeds marginal cost.

B.For Pretzel stands, price equals marginal cost; for De Beers, price equals marginal cost.

C.For Pretzel stands, price exceeds marginal cost; for De Beers, price exceeds marginal cost.

D.For Pretzel stands, price exceeds marginal cost; for De Beers, price equals marginal cost.

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