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Which relationship is true, if PC: Cournot price, PS: Stackelberg price, PPC: perfect competition price, PM: monopoly price, MC: marginal cost: a. PM > PPC

Which relationship is true, if PC: Cournot price, PS: Stackelberg price, PPC: perfect competition price, PM: monopoly price, MC: marginal cost:

a. PM > PPC > PC > PS = MC

b. PM > PS > PC > PPC = MC

c. PC > MC > PS > PPC = MC

d. PM > PC > PS > PPC = MC

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