One of the Ways That a Perfectly Competitive Firm and a Nondiscriminating

question 36

Multiple Choice

One of the ways that a perfectly competitive firm and a nondiscriminating monopolist are different is that

• A)the marginal cost curve is U-shaped for a perfectly competitive firm but not for a monopolist
• B)P = AR for a perfectly competitive firm but not for a monopolist
• C)P = MR for a perfectly competitive firm but not for a monopolist
• D)the average revenue curve and demand curve are the same for a perfectly competitive firm but not for a monopolist
• E)only the monopolist seeks to maximize profits