Price is: equal to marginal cost for both perfect and monopolistic competitors. greater than marginal cost for perfect competitors and equal to marginal cost for monopolistic competitors. equal to marginal cost for perfect competitors and greater than marginal cost for monopolistic competitors. greater than marginal cost for both perfect and monopolistic competitors.
Price is: equal to marginal cost for both perfect and monopolistic competitors. greater than marginal cost for perfect competitors and equal to marginal cost for monopolistic competitors. equal to marginal cost for perfect competitors and greater than marginal cost for monopolistic competitors. greater than marginal cost for both perfect and monopolistic competitors.
Chapter9: Monopolistic Competition And Oligoply
Section: Chapter Questions
Problem 5SQ
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Price is:
equal to marginal cost for both perfect and monopolistic competitors.
greater than marginal cost for perfect competitors and equal to marginal cost for monopolistic competitors.
equal to marginal cost for perfect competitors and greater than marginal cost for monopolistic competitors.
greater than marginal cost for both perfect and monopolistic competitors.
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