Question

If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then the competitive firm will produce a:________.

a. greater output and charge a lower price than the monopolist
b. greater output but charge the same price as the monopolist
c. greater output and charge a higher price than the monopolist
d. smaller output and charge a lower price than the monopolist
e. smaller output and charge a higher price than the monopolist

Answer 1

a

Step-by-step explanation:

greater output and charge lower price than the monopolist