Question: A big difference between a competitive firm and a monopolist is that a monopolist: a. cannot set its price at the market price. b.

A big difference between a competitive firm and a monopolist is that

A big difference between a competitive firm and a monopolist is that a monopolist: a. cannot set its price at the market price. b. does not try to maximize profits. c. does not set marginal revenue equal to marginal cost to maximize profits. d. does not charge a price equal to marginal revenue. e. can always make positive economic profits.

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