Compared to a Single-Price Monopoly, the Price Charged by a Perfectly

Multiple Choice

Compared to a single-price monopoly, the price charged by a perfectly competitive market with the same costs

A) is higher than the monopoly's price.
B) is the same as the monopoly's price.
C) is lower than the monopoly's price.
D) could be higher than, lower than, or the same as the monopoly's price.