Multiple Choice
The graph shown represents the cost and revenue curves faced by a monopoly. 
Comparing the perfectly competitive and monopoly outcomes, we can see that:
A) there is deadweight loss in the monopoly market.
B) a perfectly competitive firm would lose money in this industry.
C) a perfectly competitive firm would produce Q1 units.
D) a monopolist would charge P3 and a perfectly competitive firm would charge P1.
Correct Answer:
Verified
Correct Answer:
Verified
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