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If a product is sold in monopoly then Group of answer choices the price in monopoly is greater than in perfect competition and output is

If a product is sold in monopoly then Group of answer choices the price in monopoly is greater than in perfect competition and output is less in comparisons; therefore there is an inefficient allocation of resource the price in monopoly is equal to price in competitive markets the price in monopoly is greater than price in perfect competition the price in monopoly is less than the price in perfect competition

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