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-Refer to the Above Figure P1P _ { 1 } )While Under Monopoly Output Is Too Large

question 190

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   -Refer to the above figure.Which of the following statements is true? A) Under perfect competition,the efficient price is charged,which is the lowest price possible (  P _ { 1 }  ) while under monopoly output is too large (  \mathrm { Q } _ { 4 }  ) and price is too high (  \mathrm { P } _ { 4 }  ) . B) Under perfect competition price equals marginal cost (  \mathrm { P } _ { 3 }  ) while under monopoly price (  \mathrm { P } _ { 4 }  ) is greater than marginal cost (  P _ { 1 }  ) . C) The rate of output is the same under both monopoly and perfect competition (  \mathrm { Q } _ { 1 }  ) ,but price is higher under monopoly (  \mathrm { P } _ { 4 }  rather than  P _ { 1 }  ) . D) Price equals marginal cost under both monopoly and perfect competition,but output is too low under monopoly (  \mathrm { Q } _ { 1 }  instead of  \mathrm { Q } _ { 2 }  ) .
-Refer to the above figure.Which of the following statements is true?


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