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When Compared to a Perfectly Competitive Market,a Single-Price Monopoly with the Same

Question 255

Multiple Choice

When compared to a perfectly competitive market,a single-price monopoly with the same costs produces ________ output and charges ________ price.

A) a larger; a lower
B) a smaller; a lower
C) the same; a higher
D) a smaller; a higher
E) a smaller; the same

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