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Business, 05.05.2020 17:08 kelo251

Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market will want to produce at the point that the marginal revenue is equal to the marginal cost. Explain in detail the two reasons that the monopoly’s marginal revenue will always be less than its price while the marginal revenue in the perfectly competitive market will always be equal to the market price. (2 points)

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Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perf...
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