Compared to a perfectly competitive industry, a monopolist:
A.produces a large quantity.
B.charges a higher price.
C.increases consumer surplus.
D.earns less profit in the long run.

Question

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The Answer of Compared to a perfectly competitive industry, a monopolist:
A.produces a large quantity.
B.charges a higher price.
C.increases consumer surplus.
D.earns less profit in the long run.

Compared to a Perfectly Competitive Industry, a Monopolist