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OpenStudy (anonymous):
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market? A. The price is higher. B. The price is lower. C. The prices cannot be compared. D. The prices are the same.
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OpenStudy (anonymous):
the price is higher since if its a monopoly only one person is selling the product and they can set it up to whatever price they want
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