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Basic Question 18 of 22
Compared to a perfectly competitive industry, a single-price monopoly ______
B. restricts its output and charges a lower price.
C. expands its output and charges a lower price.
A. restricts its output and charges a higher price.
B. restricts its output and charges a lower price.
C. expands its output and charges a lower price.
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Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.