At equilibrium, one of the distinctive features of monopoly compared with perfect competition is that in the former?`
a
price is always equal to marginal cost
b
supply is always equal to demand
c
price is always higher than marginal cost
d
there are always many buyers and many sellers
Explanation
Correct Option
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ifeeest
2 years ago
the answer should be c, the price is always higher than the marginal cost in a monopoly
