Generally, monopolists charge a _____ price and sell _____ quantity than a firm in a perfect competition market does.
A) lower; a higher
B) lower; an equal
C) higher; a lower
D) higher; an equal

Question

Quizplus · Accepted Answer

Monopolists typically charge a higher price and sell a lower quantity compared to firms in a perfectly competitive market, due to the lack of competition and the monopolist's control over the market.

Generally, Monopolists Charge a _____ Price and Sell _____ Quantity

Generally, Monopolists Charge a _ Price and Sell _ Quantity