Which of the following statements is correct for both a monopolist and a perfectly competitive firm? (i) the firm maximizes profits by equating marginal revenue with marginal cost. (ii) (ii) the firm maximizes profits by equating price with marginal cost. (iii) (iii) demand equals marginal revenue. (iv) (iv) average revenue equals price. a. (i) and (iv) only b. (i), (iii), and (iv) only c. (i), (ii), (iii), and (iv)

A

Explanation:

-Both firms maximize the profit equating the marginal revenue (MR) with the marginal cost (MC). i) Is correct

-MR is equal to the price, but not in the monopoly. The monopolist can planify and impose the price. Then ii) is incorrect

-MR is the difference between the increment in the revenue, is not equal with demand. iii) is incorrect

- Average revenue (AR) = Price (P)

AR= Revenue/Quantity

AR= P x Q / Q

AR= P    > iv) Is correct!

hi.

i'm not sure about the answer, but, i would say c. *when the recipient was not included on the original email.*

hope this , well if it's right. uwu

merry christmas! ^-^

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this