One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where    Question 7 options:   a)  marginal cost equals price, whereas a monopolist produces where price exceeds marginal cost    b)  marginal cost equals price, whereas a monopolist produces where cost exceeds price    c)  price exceeds marginal cost, whereas a monopolist produces where marginal cost equals price    d)  marginal cost exceeds price, while a monopolist produces where marginal cost equals price

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