Based on the graph above, what is the difference between the purely competitive equilibrium level of output and the pure monopolist equilibrium level of output?

A. 20 units of output
B. 90 units of output
C. 5 units of output
D. 70 units of output


Answer: A

Economics

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a. Hit b. Not hit c. Run d. Hide

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Equilibrium GDP


A. is below $4 trillion.
B. is above $4 trillion.
C. is exactly $4 trillion.
D. cannot be determined.

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A. 1 only B. 2 only C. 3 only D. 1 and 3

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