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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