Which of these statements regarding the differences between monopoly and a competitive market are true? choose one or more:
a. a monopoly is a price maker, while a competitive firm is a price taker.
b. there are more firms in a competitive market than in a monopoly.
c. a monopolist can earn profits in the long run, but a firm in a perfectly competitive market cannot.
d. a monopolist will produce less than the output produced in a perfectly competitive market.
the answer would be b. hope it ! : d
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