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October 24, 2014

Homework Help: Economics

Posted by margaret on Wednesday, September 12, 2012 at 2:04pm.

How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market?
A. The price is higher.

B. The price is lower.

C. The prices cannot be compared.

D. The prices are the same.

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