One Difference Between Perfectly Competitive Markets and a Single-Price Monopoly

question 88

Multiple Choice

One difference between perfectly competitive markets and a single-price monopoly is that

• A)marginal revenue equals marginal cost for perfectly competitive firms, but not for single-price monopolists.
• B)marginal cost equals average variable cost for perfectly competitive firms but not for single-price monopolists.
• C)price equals minimum average total cost for single-price monopolists but not for perfectly competitive firms.
• D)marginal revenue equals price for perfectly competitive firms, but not for single-price monopolists.
• E)none of the above

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Definitions:

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