Discussion Question help

Jul 24th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

No plagiarism and at least 75-100 words per each answer. Please have the question above your answer. Not into some big essay where I'm trying to figure out which part goes to which question. 

1.  What is the key difference between a monopolist and a perfect competitor?

2.  Does a monopolist take market price as given? Why or why not?

3.  Why is marginal revenue below average revenue for a monopolist?


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