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  • 20-05-2020
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A monopoly will have higher output (more production) than in a perfectly competitive market?
True
False

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  • 20-05-2020

Answer:

True

Explanation:

A monopoly will produce more and advertise more than would a perfectly competitive industry producing the same good. A monopoly will produce more and charge a higher price than would a perfectly competitive industry producing the same good

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