Which of the following statements is true? group of answer choices
a. the higher the market concentration, the lower the price in the market.
b. an increase in market concentration will lead to an increase in prices and profits.
c. a decrease in market concentration will lead to a decrease in efficiency.
d. market concentration and profits are independent of each other.
e. the larger the concentration ratio, the higher the number of firms in the market.

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$