For a single-price monopolist, price is ________ marginal revenue
A) less than
B) greater than
C) equal to
D) less than or equal to but never more than
B
Economics
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In both monopolistically competitive and perfectly competitive industries
A) firms produce products for which there are no close substitutes. B) firms are price takers. C) there are high barriers to entry. D) there are many buyers and sellers.
Economics
A shortage is the same as an excess demand
a. True b. False Indicate whether the statement is true or false
Economics