Which of the Following Statements Correctly Identifies a Similarity Between

question 186

Multiple Choice

Which of the following statements correctly identifies a similarity between monopoly and perfect competition?

• A) Entry is restricted in both market structures.
• B) Price equals marginal cost in both market structures.
• C) Production is expanded until marginal revenue equals marginal cost in both market structures.
• D) Firms face an upward-sloping demand curve and a downward-sloping marginal revenue curve in both market structures.

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