ECON-3030-A1/A2/B1/B2-Managerial Economics-Winter-2025 Course Materials & Test Answers | moodle.uleth.ca

One difference between perfectly competitive markets and a single-price monopoly is that

marginal revenue equals price for perfectly competitive firms, but not for single-price monopolists.

100%

marginal revenue equals marginal cost for single-price monopolists but not for perfectly competitive firms.

marginal cost equals average variable cost for perfectly competitive firms but not for single-price monopolists.

marginal revenue equals marginal cost for perfectly competitive firms, but not for single-price monopolists.

price equals minimum average total cost for single-price monopolists but not for perfectly competitive firms.

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