Price is: equal to marginal cost for both perfect and monopolistic competitors. greater than marginal cost for perfect competitors and equal to marginal cost for monopolistic competitors. equal to marginal cost for perfect competitors and greater than marginal cost for monopolistic competitors. greater than marginal cost for both perfect and monopolistic competitors.

Price is: equal to marginal cost for both perfect and monopolistic competitors. greater than marginal cost for perfect competitors and equal to marginal cost for monopolistic competitors. equal to marginal cost for perfect competitors and greater than marginal cost for monopolistic competitors. greater than marginal cost for both perfect and monopolistic competitors.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 5SQ

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