Using the graph above,what is the difference between purely competitive and pure monopolist output at the industry level?
A) 0
B) 35
C) 70
D) 105
The purely competitive level of output occurs where the demand curve crossed the MC curve,that is,160 units.The monopoly output occurs where MC = MR,that is,90 units.The difference is 70 units.
Correct Answer:
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