Confronted with the Same Unit Cost Data, a Monopolistic Producer

Multiple Choice

Confronted with the same unit cost data, a monopolistic producer will charge

A) the same price and produce the same output as a competitive firm.
B) a higher price and produce a larger output than a competitive firm.
C) a higher price and produce a smaller output than a competitive firm.
D) a lower price and produce a smaller output than a competitive firm.