Economics · Market Structure
Which of the following is true for both monopoly and monopolistic competition in the short run? [1.4.4]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Price is equal to average cost.
- 2Price is equal to marginal cost.
- 3Price is equal to marginal revenue.
- 4Price is greater than marginal revenue.✓
Correct answer
Price is greater than marginal revenue.
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