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Question #48943

Relative to a competitively organized industry a monopoly ?

Options:

A) Produces less output, charges higher prices and earns economic profits.

B) Produces less output, charges lower prices and earns only a normal profit

C) produces more output, charges higher prices and earns economics profits

D) produces less output, charges lower prices and earns economic profits

Answer: Relative to a competitively organized industry a monopoly Produces less output, charges higher prices and earns economic profits..

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