Homework (Ch 09) 5.0 4.5 4.0 Monopoly Outcome 3.5 MC 3.0 PRICE, COSTS, AND REVENUE (Dollars per hot dog) 2.5 2.0 1.5 1.0 0.5 MR O 30 60 90 120 150 180 210 240 270 300 QUANTITY (Hot dogs) In the following table, enter the price and quantity that would arise in a perfectly competitive market; then enter the profit-maximizing price and quantity that would be chosen if a monopolist controlled this market. Price Quantity Market Structure (Dollars) (Hot dogs) Perfect Competition Monopoly Given the summary table of the two different market structures, you can infer that, in general, the price is higher under a , and the quantity is higher under a_