derewolf1411 derewolf1411

19-03-2024
Business

contestada

Which of the following is true for a monopoly firm that has a downward sloping demand curve?
a. Quantity is less than the socially efficient quantity.
b. Price is equal to marginal cost.
c. The firm is operating at the point of allocative efficiency.
d. Average revenue is greater than marginal revenue.

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