Monopoly quantity produces too little output at too high a cost but efficient quantity is where the demand equals the marginal cost.
<h3>What is a monopoly?</h3>
A monopoly refers to the dominant position of an industry or a sector by one company.
The efficient quantity of output is where the demand highly equals the marginal cost whereas monopoly quantity produces too little output at too high a cost.
Learn more about Monopoly here:
brainly.com/question/5992626
#SPJ2
