In a monopoly, prices and proﬁts are likely to be relatively lower than in perfect competition.

Name: In a monopoly, prices and proﬁts are likely to be relatively lower than in perfect competition.
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In a monopoly, prices are likely to be higher than in perfect competition due to the lack of competition. Profits are also likely to be higher as the monopoly has greater control over the market and can charge higher prices.

In a Monopoly, Prices and Proﬁts Are Likely to Be