The Figure Given Below Shows the Aggregate Demand and Supply

question 46

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-Which of the following is true under monopoly?

• A)Price is equal to marginal revenue.
• B)Price is equal to marginal cost.
• C)Price is less than marginal revenue.
• D)Price is less than marginal cost.
• E)Price is greater than marginal revenue.

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