Equal price for a profit-maximizing firm

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Reference no: EM13848602

Marginal revenue could equal price for a profit-maximizing firm:

A. only when an industry is an oligopoly.

B. only when an industry is a monopoly.

C. if increased sales are associated with higher prices along a demand curve.

D. whenever firms are able to differentiate their products and gain some control over price.

E. only when an industry is perfectly competitive.

Reference no: EM13848602

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