Which of the following will always be true for both single-price monopoly andmonopolistic competition in the short run?Price equals marginal cost.Price is greater than marginal revenue.Short run profits are positive.O Price equals marginal revenue.

Monopoly and monopolistic competition are equal when it's to price relation with the marginal…

Which of the following will always be true for both single-price monopoly and monopolistic competition in the short run? O Price equals marginal cost. O Price is greater than marginal revenue. Short run profits are positive. Price equals marginal revenue.

Which of the following will always be true for both single-price monopoly and monopolistic competition in the short run? O Price equals marginal cost. O Price is greater than marginal revenue. Short run profits are positive. Price equals marginal revenue.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter9: Market Structure And Long-run Equilibrium

Section: Chapter Questions

Problem 9.5IP

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Which of the following will always be true for both single-price monopoly and
monopolistic competition in the short run?
Price equals marginal cost.
Price is greater than marginal revenue.
Short run profits are positive.
O Price equals marginal revenue.

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