As compared to a perfectly competitive market, a monopolist _________.

charges a lower price

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charges the same price

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produces larger quantity

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produces a smaller quantity

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Solution

The correct option is C produces a smaller quantity
As compared to a perfectly competitive market, a monopolist produces a smaller quantity and sells it at a higher price.

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As compared to a perfectly competitive market, a monopolist _________.

The correct option is C produces a smaller quantityAs compared to a perfectly competitive market, a monopolist produces a smaller quantity and sells it at a higher price.

The correct option is C produces a smaller quantity
As compared to a perfectly competitive market, a monopolist produces a smaller quantity and sells it at a higher price.