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1.Relative to a perfectly competitive industry with the same cost and demand, a single-price monopolist produces______ output and has a _______ price. A.More, higher B.Less,
1.Relative to a perfectly competitive industry with the same cost and demand, a single-price monopolist produces______ output and has a _______ price.
A.More, higher
B.Less, higher
C.Less, lower
D.More, lower
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