Relative to a competitively organized industry a monopoly ?

A. Produces less output, charges lower prices and earns only a normal profit

B. Produces less output, charges higher prices and earns economic profits.

C. produces less output, charges lower prices and earns economic profits

D. produces more output, charges higher prices and earns economics profits

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.