Which of the following statements is true about a single-price monopoly (that cannot price-discriminate) comp?

etetive market?





I. A typical monopoly charges a price above the perfectly competitive price.





II. A typical monopoly generates less surplus than a perfectly competitive market.





III. A typical monopoly produces less than the perfectly competitive quantity.





A. I, II, and III





B. I and II only





C. II and III only





D. I and III onlyWhich of the following statements is true about a single-price monopoly (that cannot price-discriminate) comp?
D.Which of the following statements is true about a single-price monopoly (that cannot price-discriminate) comp?
B
c