Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices lower than the same as zero compared to higher than

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Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries

Similarity between a monopolistic market and perfectly competitive market

A monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.

Hence the output of a monopoly is similar to the output of a perfectly competitive industries.

Learn more about Monopolistic markets :  https://brainly.com/question/24877850

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