Antitrust action restructures a previously monopolized industry into a competitive industry. If economies of scale are unimportant in the industry, the expected result of this movement from monopoly to competition is a(n):
a. reduction in output and an increase in price in the industry.
b. reduction in both price and output in the industry.
c .increase in both price and output in the industry.
d. increase in output and a reduction in price in the industry.