Question: Please answer the following questions One difference between a monopoly and a competitive rm is that O a monopoly faces a downward sloping demand curve.

Please answer the following questions

One difference between a monopoly and a competitive rm is that O a monopoly faces a downward sloping demand curve. 0 a monopoly maximizes prot by setting marginal revenue equal to marginal co st. 0 a monopoly is a price taker. 0 None of the above. An alternative to patent protection might be 6) granting of citizenship for innovation. 0 an appeal to altruism. O forcing innovators to cede their innovations. 0 dollar prizes for innovation

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