One way that perfect competition and monopoly differ is that in
A. monopoly, the firm produces less than the total market quantity supplied.
B. perfect competition, there is only one firm in the industry.
C. perfect competition, there is a difference between firm and industry demand.
D. monopoly, there is a difference between firm and industry demand.
Answer: C
Economics
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Prior to 1914, did antitrust legislation have much effect on monopoly power in the United States?
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