Compared to a perfectly competitive industry, a single-price monopoly with the same ) create a deadweight loss. b) create less economic profit. c) create less consumer surplus. d) both answers a and c are correct.

The correct answer is D

Explanation:

Perfectly competition market or industry is the one in which it occurs when there exists many sellers, easy entry as well as exiting of firms, products are identical and sellers are the price takers.

Whereas in the single price monopoly, is the one where there is single firm selling the product at their own price, they are price maker. And comparing both at same cost will result in creating less customers surplus as well as create deadweight loss, which result in economic efficiency in relation to utility for producers.

and whats your questoin

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.