Given that cost conditions are same, in monopoly price is and output is as compared to perfect competition. (1) higher, same (2) same, lower (3) higher, lower (

Given that cost conditions are same, in monopoly price is and output is as compared to perfect competition. (1) higher, same (2) same, lower (3) higher, lower (4) lower, higher - (1)i, HA (2) HHTF, T (3), i (4) t, Oligopoly is a market situation, where (1) there are few firms producing close substitutes (2) there are few firms producing entirely different goods (3) there are few firms producing complementary goods (4) there are two or more monopolistic firms 13 (P.T.C