12 of 19 (11 complete) HW Score: 52.63%, Concept: Compare Monopoly/Perfect Comp 1 Question He What happens if a perfectly competitive industry becomes a monopoly? Suppose the demand curve in the figure is market demand and the corresponding market supply curve represents the marginal cost of production. Price and cost per unit Compared to perfect competition, a profit-maximizing monopoly would decrease output by 2 units. (Enter your response as an integer.) In addition, a monopoly would price by $ MR -N 6 8 10 12 14 16 18 20 Quantity Enter your answer in the answer box and then click Check Answer. Clear All Check