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ArbitrLikvidat [17]
3 years ago
7

If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then the competitive firm wi

ll produce a:________.
a. greater output and charge a lower price than the monopolist
b. greater output but charge the same price as the monopolist
c. greater output and charge a higher price than the monopolist
d. smaller output and charge a lower price than the monopolist
e. smaller output and charge a higher price than the monopolist
Business
1 answer:
Rudik [331]3 years ago
7 0

Answer:

a

Explanation:

greater output and charge lower price than the monopolist

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Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

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