Question: The main difference between a monopoly and a competitive firm is that O they have differently-shaped cost curves. O a monopoly can change its output,

The main difference between a monopoly and a competitive firm is that O they have differently-shaped cost curves. O a monopoly can change its output, whereas a competitive firm cannot. O with a monopoly there is a market demand, whereas with a competitive firm there is only firm demand O a monopoly is not concerned with market price. O a monopoly can affect market price, whereas a competitive firm cannot

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