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

Answer:

higher prices and fewer goods  

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

Answer 2

Answer:

higher prices and fewer goods

Explanation:

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