Answer:
Produces less than the competitive outcome.
Step-by-step explanation:
In the market system, because it is understood in market pattern that since no competition is put in situ, the monopolist can find it easy to regulate the value and also the quantity demanded. it's also known that the very fact that he's the sole source of the said good, demand can easily be high for him thereby making supply really upthight; therefore there's low supply.
A key characteristic of a monopolist is that it is a profit maximizer.
A monopolistic market has no competition, meaning the monopolist controls the worth and quantity demanded.
The level of output that maximizes a monopoly's profit is when the differential cost equals the marginal revenue.