Economics Homework Help

An individual seller in a competitive market:

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

B.one firm

C. a large number of firms

D. a few firms

For a firm in the competitive market, marginal revenue is always equal to”