Compared to a perfectly competitive market, a monopoly market will usually generate

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In a monopoly market, there is no competition, so the monopolist can charge higher prices because there are no substitutes for their product. However, since they are the only supplier, they may also choose to produce less output to keep prices high. Therefore, a monopoly market will usually generate higher prices and lower output compared to a perfectly competitive market.

Compared to a Perfectly Competitive Market, a Monopoly Market Will