Question and answer
For a perfectly competitive firm, the demand curve is (Points : 1) the marginal revenue curve. perfectly inelastic. always equal to marginal cost. the same as the market demand curve.
For a perfectly competitive firm, the demand curve is the marginal revenue curve.
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paral|Points 19880|
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Asked 11/24/2014 8:29:28 AM
Updated 11/24/2014 9:18:05 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [11/24/2014 9:18:04 AM], Confirmed by jeifunk [11/24/2014 9:18:05 AM]
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A monopoly is
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Updated 10/6/2017 10:28:08 PM
1 Answer/Comment
A monopoly is a market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted.


Added 10/5/2017 1:13:06 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/6/2017 10:28:10 PM]
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