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Because the monopoly firm produces the entire output of the industry average revenue and marginal revenue are

 Because the monopoly firm produces the entire output of the industry, average revenue and marginal revenue are ________ equal. a) always b) not c) sometimes d) none of the above 2) Monopolies charge a higher price than competitive firms (actually like imposing a private tax) and increase income for _________ of monopoly firms. a) the competitors b) the regulators c) the owner’s d) the customers

Apr 17 2020 View more View Less

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