Use the Figure Below to Answer the Following Questions

question 21

Multiple Choice

Use the figure below to answer the following questions.

Figure 13.3.1
-Refer to Figure 13.3.1. If this market were perfectly competitive, the output level would exceed the single-price monopoly output level by

• A)20 units.
• B)40 units.
• C)60 units.
• D)30 units.
• E)zero. The perfectly competitive firm and the single-price monopoly produce the same quantity because marginal cost is constant.