Question

A monopolist, as opposed to a company in a perfectly competitive market:

Group of answer choices

produces more at a lower price.

produces less at a higher price.

produces where MR > MC.

may have lower economic profits in the long run.

Answer 1

A monopolist, as opposed to a company in a perfectly competitive market:
"may have lower economic profits in the long run".
A monopoly appears when a firm is the only producer of a product or single seller of a service. Being the only player, a monopolistic firm controls the total supply to the market, as there's no competition.And he gets positive profit even in long run.So a monopolist as opposed to a company in a perfectly competitive market.
All other options are not applicable to the above statement.