Question

Compared to a market with perfect competition, a monopoly has

a. lower prices and fewer goods
b. higher prices and fewer goods
c. lower prices and more goods
d. higher prices and more goods

Answer 1

higher prices and fewer goods

Step-by-step explanation:

Gradpoint

Answer 2

higher prices and fewer goods

Step-by-step explanation:

Compared to a market with perfect competition, a monopoly often has _____.

higher prices and fewer goods

higher prices and more goods

lower prices and more goods

lower prices and fewer goods