A monopolist that chooses price (A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing. (B) produces the same amount as a monopolist that chooses quantity. (C) produces more than a monopolist that chooses quantity, thus the irony of laws against price fixing. (D) could produce more or less than a monopolist that chooses quantity depending on the demand curve.
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Home » Business » A monopolist that chooses price (A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing. (B) produces the same amount as a monopolist that chooses quantity.