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Figure 11-9 -What Is True for Monopoly That Is Not True for Not

question 93

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Figure 11-9 Figure 11-9   -What is true for monopoly that is not true for perfect competition? A) The industry demand curve is downward sloping. B) Profit is maximized where MR = MC. C) The firm and the industry are exactly the same entity. D) Positive economic profits may be earned in the short run.
-What is true for monopoly that is not true for perfect competition?


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