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These graphs represent the price and output quantities of purses under perfect competition and monopoly. How much more or less will Jackie pay for a purse in a perfect competition than in a monopoly?

A) $20 more
B) $10 less
C) $20 less
D) $40 less

These graphs represent the price and output quantities of purses under perfect competition and monopoly How much more or less will Jackie pay for a purse in a p class=

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From the graphs presented for both the perfect competition and monopoly, the price for 5 purses in perfect competition is $30 and that in the monopoly is $50. The price is obviously lower in the perfect competition than in monopoly by $20. Thus, the answer would be letter C. 

Answer:

Answer is C for plato users

Explanation:

20 or less

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