question archive Which of these is a key difference between a perfectly competitive firm and a monopolist that does not practice price discrimination: a
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Which of these is a key difference between a perfectly competitive firm and a monopolist that does not practice price discrimination:
a. The marginal cost curve is U-shaped for a perfectly competitive firm but not for a monopolist,
b. Price is equal to average revenue for a perfectly competitive firm in equilibrium but not for a monopolist,
c. Price is equal to marginal revenue for a perfectly competitive firm in equilibrium but not for a monopolist,
d. The average revenue curve is the demand curve for a perfectly competitive firm but not for a monopolist,
e. A monopolist aims to maximize profits, while a perfectly competitive firm tries to maximize total revenue.
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