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Author Question: In a monopoly, consumer surplus is A) larger than under perfect competition. B) is equal to that ... (Read 47 times)

natalie2426

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on: Jun 30, 2018
In a monopoly, consumer surplus is
 A) larger than under perfect competition.
  B) is equal to that under perfect competition.
  C) smaller than under perfect competition.
  D) None of these choices is true.

Question 2

In a monopoly,
 A) marginal revenue is greater than price.
  B) marginal revenue is less than price.
  C) the demand curve is horizontal.
  D) marginal revenue and price are equal


mceravolo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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