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The monthly demand for a product is given by QD = 1, 174 - 2p where QD is the total quantity demanded, and p is the price of the product. Consider two alternatives. The first alternative is a perfectly competitive market in which every seller has the same marginal cost of $57. The second alternative is a monopolistic market, where the monopolist also has a marginal cost of $57. Select the most accurate statement below: O The competitive quantity is more than twice the monopoly quantity The competitive quantity is twice the monopoly quantity The monopoly price is higher than the competitive price, but not twice as high The monopoly price is twice the competitive price