Suppose the widget industry is perfectly competitive and faces constant returns to scale.A monopoly purchases all widget producers in the market.List three ways in which the market outcome under monopoly will differ from the market outcome under perfect competition.

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The Answer of Suppose the widget industry is perfectly competitive and faces constant returns to scale.A monopoly purchases all widget producers in the market.List three ways in which the market outcome under monopoly will differ from the market outcome under perfect competition.

Suppose the Widget Industry Is Perfectly Competitive and Faces Constant