Comparison of the price and output decisions of a perfectly competitive firm with those of a monopolist shows that the?
-
A.
monopolist charges a lower price than the perfect competitior -
B.
perfect competitior charges a lower price and produces a large output than the monopolist -
C.
perfect competitior produces a smaller output than the monopolist -
D.
monopolist charges a lower price and produces a larger output than the perfect competitor