Akia is a pure monopolist and KouKou is a company that operates in a perfectly competitive market. Assume both companies face the same demand and have the same cost structure.

The monopolist will charge:

Group of answer choices

the same price and produce the same output as a competitive firm.

a lower price and produce a smaller output than a competitive firm.

a higher price and produce a smaller output than a competitive firm.

a higher price and produce a larger output than a competitive firm.