In a monopoly, there are both higher prices and higher output levels than in a perfectly competitive structure.

Name: In a monopoly, there are both higher prices and higher output levels than in a perfectly competitive structure.
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Quizplus · Accepted Answer

In a monopoly, prices are generally higher due to lack of competition, but output levels are lower compared to a perfectly competitive market because the monopolist restricts output to maximize profits.

In a Monopoly, There Are Both Higher Prices and Higher