A Single-Price Monopoly with the Same Market Demand and Cost

Multiple Choice

A single-price monopoly with the same market demand and cost structure as a perfectly competitive market will produce

A) the same output level at the same price as the perfectly competitive market
B) less because the monopolist will not produce all units for which marginal revenue exceeds its marginal cost
C) less since the monopolist's marginal revenue curve lies below its demand curve
D) more because the monopolist will be more efficient
E) more because the monopolist's marginal cost curve slopes upward