Mary operates the only lawn mowing service in her neighborhood (considered to be the geographic size of the market), and thus is considered a monopoly. She faces the following weekly market demand: P = 48 - 2Q, where P is the price to mow a lawn (measured in dollars) and Q is the number of lawns mowed per week. Mary’s weekly total cost (in dollars) is: TC = 12Q.
[8] In this particular market, the monopoly quantity supplied to the market exceeds the perfectly competitive quantity supplied to the market.
A. True
B. False