If a monopoly car[ sell 120 units of output for $11 each or 110 units of output for $12 each, we can safely conclude that for this monopoly, the profit-maximizing level of output is: a. greater than 120 units. b. less than 120 units. c. less than 110 units. d. greater than 110 units.

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.