Firm X is in a perfectly competitive and firm Y is in a monopoly. Compared with firm X, firm y will produce?

Question

less output at a lower price.
more output at a higher price.
less output at a higher price.
more output at a lower price.
the same output at the same price.

Answer 1

ok so your saying if a company Acme was a monopoly how much would they produce compair to how much they would produce if company Acme was in a perfectly competive market.

the monopoly Acme would produce less quant. for a higher price, compaired to the PC Acme


I ask this question because you cannot have more then one company in a monopoly.

Answer 2

More output at less price until firm x goes bankrupt. Then firm Y will produce less output at higher price.

Answer 3

less output at a higher price im sure of that i studied economics.

Answer 4

Y will greater workers at a greater advantageous salary in assessment to X. think of Microsoft, community cable operators, starbucks. somebody suggested Walmart - that is particularly in appropriate opposition - with dissimilar opposition which includes aim, KMart, shops, grocery shops, community markets (remaining ones), information superhighway etc. etc.. record is going on. yet universal provided that Y is monopolist, there'll be in basic terms one business enterprise who will hire vs. there'll be dissimilar agencies in opposition to X who will hire - for this reason industry X could have universal greater workers than industry Y.