If a single monopolist enjoying internal economies of scale is replaced by a large number of producers operating under perfect competition, it may be said that
| A. | Both price and output will rise |
| B. | Price will increase and output will fall |
| C. | Price will increase but the effect on output will be indeterminate |
| D. | Output will fall but the effect on price will be indeterminate |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
