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Compared to firms in a perfectly competitive market, a monopolist tends to:
a.Produce the same output and charge a higher price.
b.Produce substantially less and charge a lower price.
c.Produce substantially less but charge a higher price.
d.Produce substantially more and charge a higher price.
答案:C
Explanation
Choice "c" is correct. Compared to firms in a perfectly competitive market, a monopolist tends to produce substantially less but charge a higher price.
Choices "d", "a", and "b" are incorrect, per above explanation.
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