Question

These graphs represent the price and output quantities of purses under perfect competition and monopoly. How much more or less will Jackie pay for a purse in a perfect competition than in a monopoly?

A) $20 more
B) $10 less
C) $20 less
D) $40 less

Answer 1

Answer is C for plato users

Step-by-step explanation:

20 or less

Answer 2

From the graphs presented for both the perfect competition and monopoly, the price for 5 purses in perfect competition is $30 and that in the monopoly is $50. The price is obviously lower in the perfect competition than in monopoly by $20. Thus, the answer would be letter C.