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Solve What happens if a perfectly competitive industry becomes a monopoly? O Suppose the demand curve in the figure is market demand and the corresponding

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What happens if a perfectly competitive industry becomes a monopoly? O Suppose the demand curve in the figure is market demand and the corresponding market supply S, MC curve represents the marginal cost of production. Compared to perfect competition, a profit-maximizing monopoly would decrease output by 2 units. (Enter your response as an integer.) In addition, a monopoly would price by $ Price and cost per unit go D O 2 6 10 12 14 16 18 20 Quantity

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