An individual seller in a competitive market:
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A. has control over the price but no control over the quantity it sells
B. has control over the quantity it sells but no control over the price
C. has no control over the quantity it sells or the price
D. has control over both the quantity it sells and the price
If a market has a monopoly, that market has:
A. no firm
C. a large number of firms
D. a few firms
For a firm in the competitive market, marginal revenue is always equal to” Get Economics homework help today
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