Relative to a Monopolized Industry, a Competitively Organized Industry Is

Multiple Choice

Relative to a monopolized industry, a competitively organized industry is more likely to produce

A) more output, charges higher prices, and earns economic profits.
B) more output, charges lower prices, and earns economic profits.
C) more output, charges lower prices, and earns only a normal profit.
D) less output, charges higher prices, and earns economic profits.