Relative to a Perfectly Competitive Market, as Long as the Monopolist

question 61

Multiple Choice

Relative to a perfectly competitive market, as long as the monopolist does not benefit from substantial economies of scale,

• A)price and quantity are higher under monopoly
• B)price and quantity are lower under monopoly
• C)quantity is higher and price is lower under monopoly
• D)quantity is lower and price is higher under monopoly
• E)there are no differences in price and quantity

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