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Compared to perfect competition in the long run, monopoly has: A

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Compared to perfect competition in the long run, monopoly has:

A. more choices of products for consumers.

B. more efficiency.

C. lower prices.

D. higher output.

E. price greater than marginal revenue.

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The correct option is

E. price greater than marginal revenue.

The monopolist faces a downward-sloping demand curve i.e average revenue curve or the demand curve lies above the marginal revenue curve. The monopolist produces at a point where its marginal cost is equal to the marginal revenue; but charges a corresponding price for this quantity on the average revenue curve.