jacobek4532 jacobek4532

26-12-2023
Business

contestada

Which of the following is false?

A. Profit is maximized when MR = MC for both monopolies and perfect competition firms
B. Monopolies profit maximize and perfect competitive firms output maximize
C. Both monopolies and perfect competition firms earn zero profit in the long run
D. At equilibrium, price is higher than marginal cost for monopolies but not for competitive
firms

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