(Solved): Does the above table depict a perfect competition firm or a monopolistic firm? Select all the corre ...

Does the above table depict a perfect competition firm or a monopolistic firm? Select all the correct answers. a) Monopolistic, because Firm Benton is the entire market, so its demand curve is the same as the entire industry demand curve. b) Perfect competitor, because Firm Benton can sell all its Quantity at the Price of $\$19$. c) Perfect competitor, because Firm Benton receives the same Marginal Revenue at any Quantity they sell. d) Monopolistic, because Firm Benton must follow the law of demand, which is: To sell more, a monopoly must lower its price on the additional quantity sold, but also on the quantity up to that Quantity.