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QUESTION

Compared to a monopoly, a perfectly competitive market tends to produce Select one:less output and charge the same price b.more output and charge a...

Compared to a monopoly, a perfectly competitive market tends to produce

Select one:

a. less output and charge the same price

b. more output and charge a lower price

c. the same amount of output, but charge a higher price

d. less output and charge a higher price (wrong)

e. more output and charge a higher price

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