Comparison of the price and output decisions of... - JAMB Economics 1991 Question
Comparison of the price and output decisions of a perfectly competitive firm with those of a monopolist shows that the?
A
monopolist charges a lower price than the perfect competitior
B
perfect competitior charges a lower price and produces a large output than the monopolist
C
perfect competitior produces a smaller output than the monopolist
D
monopolist charges a lower price and produces a larger output than the perfect competitor
correct option: b
Please share this, thanks:
Add your answer
No responses