The Following Question Are Based on the Following Diagram of a Monopolist

question 63

Multiple Choice

The following question are based on the following diagram of a monopolist:

-If the product demand curve and cost functions of a perfectly competitive industry and a monopolist are the same,then compared to a monopoly,the perfectly competitive industry's output and price tend to be,respectively

• A) larger and higher.
• B) smaller and higher.
• C) larger and lower.
• D) smaller and lower.
• E) the same and lower.