# Which of the following statements about price and marginal cost in competitive and monopolized markets is true ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Which of the following statements about price and marginal cost in competitive and monopolized markets is true ? Correct Answer: A. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost.. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?

Direct Answer & Quick Reference

The correct option is **A. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost.**.

A. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost. **(Correct Answer)**

B. In competitive markets price equals marginal cost, in monopolized markets price equals marginal cost

C. In competitive markets price exceeds marginal cost, in monopolized markets price exceeds marginal cost

D. In competitive markets price exceeds marginal cost in monopolized markets price equals marginal cost

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Verified Key: A. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost.
Solved by 2,316+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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