The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o

Question

2 years ago

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nly to pure monopoly. does not apply to pure monopoly, because price exceeds marginal revenue.

1 answer:

Neko [114] · Answer 1 · 2023-09-11T03:56:42+03:00

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

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