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17 October, 10:42

Which statement is true? A. Monopolies tend to charge lower prices than perfectly competitive firms. B. MR = P if the demand curve is downward sloping. C. MR = MC is a profit-maximizing rule for firms in perfect competition only. D. A monopoly firm is a price-maker.

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  1. 17 October, 12:30
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    The answer is C. MR=MC
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