Perfectly competitive firms and monopolists are different because
a. in perfect competition MC = P, while a monopolist produces where P > MC.
b. in perfect competition MC = P, while a monopolist produces where MC > P.
c. in perfect competition P > MC, while a monopolist produces where MC = P.
d. in perfect competition MC > P, while a monopolist produces where MC = P.
a
Economics
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The figure above represents the competitive market for slices of key lime pie. When the price is $3, the total consumer surplus equals
A) $120. B) $90. C) $60. D) $0. E) None of the above answers is correct.
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Federal affirmative action programs are mandatory for all public and private workplaces
Indicate whether the statement is true or false
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