Question

The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies only to pure monopoly. does not apply to pure monopoly, because price exceeds marginal revenue.

Answer 1

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

What is monopoly?

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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