A monopoly firm is different from a competitive firm in, Ask an Expert

Economics

A monopoly firm is different from a competitive firm in that

A. there are many substitutes for a monopolist's product while there are no substitutes for a competitive firm's product
B. a monopolist's demand curve is perfectly inelastic while a competitive firm's demand curve is perfectly elastic
C. a monopolist can influence market price while a competitive firm cannot
D. a competitive firm has a U-shaped average cost curve while a monopolist does not

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9102741

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