Relative to a competitively organized industry a monopoly ? – McqOptions

MCQOPTIONS

1.	Relative to a competitively organized industry a monopoly ?
A.	Produces less output, charges higher prices and earns economic profits.
B.	Produces less output, charges lower prices and earns only a normal profit
C.	produces more output, charges higher prices and earns economics profits
D.	produces less output, charges lower prices and earns economic profits
Answer» B. Produces less output, charges lower prices and earns only a normal profit

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