Under limit pricing, the incumbent will produce:
A. less than the monopoly output and charge a price that is greater than the monopoly price.
B. more than the monopoly output and charge a price that is greater than the monopoly price.
C. more than the monopoly output and charge a price that is less than the monopoly price.
D. less than the monopoly output and charge a price that is less than the monopoly price.
Answer: C
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