In general, if a perfectly competitive industry is taken over by a monopolist, it will charge a lower price and produce a larger quantity of output.

Name: In general, if a perfectly competitive industry is taken over by a monopolist, it will charge a lower price and produce a larger quantity of output.
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A monopolist typically charges a higher price and produces a smaller quantity of output compared to a perfectly competitive industry, due to the lack of competition and the desire to maximize profits.

In General, If a Perfectly Competitive Industry Is Taken Over