Question: Compared to an efficient perfectly competitive industry, a monopolist will: a. produce less output at a higher total cost. b. produce more output at

Compared to an efficient perfectly competitive industry, a monopolist will: a. produce

Compared to an efficient perfectly competitive industry, a monopolist will: a. produce less output at a higher total cost. b. produce more output at a lower price. c. produce less output and charge a higher price. d. produce more output at a higher price and higher profit.

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