One Difference Between a Monopoly and a Competitive Firm Is

question 129

Multiple Choice

One difference between a monopoly and a competitive firm is that

• A) a monopoly is a price taker.
• B) a monopoly maximizes profit by setting marginal revenue equal to marginal cost.
• C) a monopoly faces a downward sloping demand curve.
• D) None of the above.

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Definitions:

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An approach of strategic communication that aims to establish positive relationships between organizations and their various publics.

Publicity

The public visibility or awareness for any product, service, or organization through media coverage.

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A business establishment that cleans clothes using solvents other than water, often utilizing chemical solvents.

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Voluntary gifts or contributions, often financial, given to support a cause or organization.