Compared to the social optimum, a monopoly firm chooses a. a quantity that is too low and

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Compared to the social optimum, a monopoly firm chooses

a. a quantity that is too low and a price that is too high.

b. a quantity that is too high and a price that is too low.

c. a quantity and a price that are both too high.

d. a quantity and a price that are both too low.

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