[Solution] What is the key difference between a perfectly competitive firm and a monopolist with respect to price and marginal revenue? (2
Question: What is the key difference between a perfectly competitive firm and a monopolist with respect to price and marginal revenue? (2 marks)
Deliverable: Word Document 
![[Solution Library] Demonstrate graphically and explain verbally](/images/solutions/MC-solution-library-56210.jpg "[Solution Library] Demonstrate graphically and explain verbally the case")
[Solution Library] Demonstrate graphically and explain verbally the case
Solution: Use the kinked demand curve diagram to illustrate and
(See Steps) The graph below shows the demand for Cosmic shampoo:
(See Solution) Explain why monopolistically competitive firms do not
![[See Solution] A monopolistic competitive firm is](/images/solutions/MC-solution-library-56214.jpg "[See Solution] A monopolistic competitive firm is producing 100")
[See Solution] A monopolistic competitive firm is producing 100
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