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Compared to a Single-Price Monopoly, the Output of a Perfectly

Question 419

Multiple Choice

Compared to a single-price monopoly, the output of a perfectly competitive market with the same costs


A) is more than the monopoly's output.
B) is the same as the monopoly's output.
C) is less than the monopoly's output.
D) could be more than, less than, or equal to the monopoly's output.

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