Question: Compared to a perfectly competitive industry with the same costs, the monopoly in the graph to the right will___________production by ___________units per day, and __________prices

Compared to a perfectly competitive industry with the same costs, the monopoly in the graph to the right will___________production by ___________units per day, and __________prices by $_____________

Compared to a perfectly competitive industry with the same costs, the monopoly

Price and costs (dollars per unit) MC ATC 10 AVC 4 2 MR D O 4 6 8 10 12 Quantity (units per day)

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