Using the Graph Above,what Is the Difference Between Purely Competitive

question 115

Multiple Choice

Using the graph above,what is the difference between purely competitive and pure monopolist output at the industry level?

• A) 0
• B) 35
• C) 70
• D) 105 The purely competitive level of output occurs where the demand curve crossed the MC curve,that is,160 units.The monopoly output occurs where MC = MR,that is,90 units.The difference is 70 units.

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