2016年美国CPA模拟试题：Business （一）

Compared to firms in a perfectly competitive market, a monopolist tends to:

a.Produce the same output and charge a higher price.

b.Produce substantially less and charge a lower price.

c.Produce substantially less but charge a higher price.

d.Produce substantially more and charge a higher price.

答案：C

Explanation

Choice "c" is correct. Compared to firms in a perfectly competitive market, a monopolist tends to produce substantially less but charge a higher price.

Choices "d", "a", and "b" are incorrect, per above explanation.