In equilibrium under monopolistic competition:
a. marginal revenue exceeds average revenue.
b. marginal revenue exceeds marginal cost

The utility of a good is

a. different for different consumers b. the same for all consumers c. constant no matter how much is consumed d. related to the cost of producing it e. positive for all goods and all consumers

Consumers may not experience the benefits of economies of scale if a natural monopoly:

A.) Raises price and fails to pass cost savings on to consumers. B.) Engages in marginal cost pricing. C.) Raises output beyond efficient levels. D.) Is regulated by the government.