Based on the diagram above,what is the difference between the purely competitive level of output and the pure monopolist level of output?
A) 10
B) 20
C) 50
D) 100
The purely competitive level of output occurs where the demand curve crossed the MC curve,that is,100 units.The monopoly output occurs where MC = MR,that is,50 units.The difference is 50 units.
Correct Answer:
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