How Will the Price and Output of a Monopolist Compare

question 56

Multiple Choice

How will the price and output of a monopolist compare with perfect competition?

• A) The output of the monopolist will be too large and the price too high.
• B) The output of the monopolist will be too large and the price too low.
• C) The output of the monopolist will be too small and the price too high.
• D) The output of the monopolist will be too small and the price too low.

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