Question

A monopolist? Produces a quantity less than its production at the Bertrand competition outcome when there is another competitor with lower costs (when both have constant MC). Produces a quantity greater than its production at the Bertrand competition outcome when there is anothercompetitor with equal marginal costs (when both have constant MC). Produces a quantity that is greater than the competitive outcome. Never makes a positive profit. Produces a quantity that is generally less than the competitive outcome.

Answer 1

Answer:Produces a quantity that is generally less than the competitive outcome

Step-by-step explanation:

A monopolistic market is a type of market structure where different producers manufacture and sell different items that are not perfect substitute for one another. These products are differentiated with brands and quality , hence each produce is able to maintain a monopoly advantage over its product amidst competition.

They producer set the price and produce quantity that are generally less than the competitive outcome as it has price inelastic demand