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At Equilibrium, One Of The Distinctive Features Of Monopoly Compared With Perfect Competition Is That In The Former?` - Erudites Academy

At equilibrium, one of the distinctive features of monopoly compared with perfect competition is that in the former?`

by | Aug 6 | Economics WAEC | 0 comments

A. price is always equal to marginal cost
B. supply is always equal to demand
C. price is always higher than marginal cost
D. there are always many buyers and many sellers

Correct Answer:

Option A – price is always equal to marginal cost

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