Question: How would fixed costs affect the optimal quantity produced by a monopoly versus a competitive firm? Fixed costs reduce the optimal quantity and price of

How would fixed costs affect the optimal quantity produced by a monopoly versus a competitive firm? Fixed costs reduce the optimal quantity and price of the drug for both competitive firms and monopolies. Fixed costs reduce the optimal quantity and price for a monopolist, but not for a competitive firm. Fixed costs reduce the optimal quantity and price for a competitive firm, but not for a monopolist. Fixed costs have no effect on the optimal price and quantities produced for either a competitive firm or a monopolist

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