At equilibrium, one of the distinctive features of monopoly compared with perfect competition is that…

Economics JAMB 1993

At equilibrium, one of the distinctive features of monopoly compared with perfect competition is that in the former?`

  • price is always equal to marginal cost checkmark
  • supply is always equal to demand
  • price is always higher than marginal cost
  • there are always many buyers and many sellers

The correct answer is: A

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