If a perfectly competitive industry were taken over by a monopoly,the monopoly would usually produce more output and charge a higher price.

Name: If a perfectly competitive industry were taken over by a monopoly,the monopoly would usually produce more output and charge a higher price.
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A monopoly typically produces less output and charges a higher price compared to a perfectly competitive industry, as it seeks to maximize profits by reducing supply to increase prices.

If a Perfectly Competitive Industry Were Taken Over by a Monopoly,the