Other things being equal the markup above marginal cost, Business Economics

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Other things being equal the markup above marginal cost

Other things being equal, the markup above marginal cost that a monopolist charges will be:

A) zero if there are any substitutes for the monopolist's product.

B) lower when there are more substitutes for the monopolist's product.

C) higher when there are more substitutes for the monopolist's product.

D) the same, no matter the number of substitutes for the monopolist's product.

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