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A Single-Price Monopolist with the Same Demand and Cost Conditions

Question 116

Multiple Choice

A single-price monopolist with the same demand and cost conditions as a perfectly price-discriminating monopolist produces __________ output than the perfectly price-discriminating monopolist and __________ resource-allocative efficient.


A) less; is
B) less; is not
C) more; is
D) more; is not

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