Question: Which statement is true? A.Monopoly will result in higher price and a larger output than perfect competition. B.Monopoly will result in a higher price and

Which statement is true?

A.Monopoly will result in higher price and a larger output than perfect competition.

B.Monopoly will result in a higher price and a larger output than monopolistic competition.

C.Perfect competition will result in a lower price and a higher output than monopolistic competition.

D.Monopolistic competition will result in a lower price and a lower output than perfect competition.

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